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Bullboard - Stock Discussion Forum Granite Oil Corp GXOCF

Energy
Granite Oil Corp is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The company is engaged in the exploration for and exploitation, development, and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta at the south of Lethbridge.

OTCQX:GXOCF - Post Discussion

Granite Oil Corp > What A Disastrous Day For GXO
View:
Post by newcoin on Sep 27, 2016 3:28pm

What A Disastrous Day For GXO

S/P just kept dropping and dropping, all day long. Like a Chinese water-toture wearing everybody down. Another 52 week low, by a long shot. The biggest daily percentage drop, by a mile, amoungst its peers.
Still not sure why? Neither is TD Securities?
I have been buying - Stock appears to be WAY oversold.
i guess we'll figure it out at some point. GLTA.
Comment by MustangMatt on Sep 27, 2016 3:36pm
Tonnes of selling, It is oversold on the RSI and Bollinger Bands.  It should bounce sometime.  However, it stay oversold for some time.  Hard to be a bull on the stock when it is getting clobered, cheers Matthew
Granite Oil Corp