Granite Oil Corp GXOCF

pretty depressing press release

[uograd]

Nothing very positive that is for sure.  Will likely buy and hold for negative if it drops 25 cents or so but other than the dividend nothing here to brag about.

Dividend will stay because insiders own 25% and want to get some of their money back each month.

With production decreasing I expect targets to drop by analysts if they even care anymore.

[gvfsdgbfsdgbfsa]

I will be surprised if it doesn't set a new low.

[geeseman]

It could hit a new low but at some point investors will buy it for the yield.  At $3.50, based on the current distribution, the yield of 12 percent.  GXO does have sufficient cash flow to pay this dividend and has said it is sustainable based on current operations.   If the stock drops, the yield goes up...would be great to borrow money at 4 percent and buy GXO at a monthly yield

[PROtrading]

Read the MD&A buddy.  This is FAR from being a no-brainer.  It's a bankster/broker play.  There's that little IFRS thing in early 2018 as well....   You'd figure if this was a no-brainer, there would be more insider buying than selling in the $3s. And scumbag bankers were peddling this thing at $6.50 last year with phony target price to boot! I wouldn'