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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.

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Granite Oil Corp > The funny thing is...

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Post by SIGG1 on Nov 15, 2017 10:01am

The funny thing is...

that management said that the dividend was sustainable when oil was at 45$.
now it oil when from 57$ to 55$ everybody is freaking out and think that the dividend is not sustainable anymore. Stock went from 3.75 to 2.90.
Oil is 10$ more then it was a few weeks ago! Are people that stupid?!

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Comment by rabblrouzr on Nov 15, 2017 11:57am

Yes, they are....but, on the plus side is that Smart people are able to have the advantage of the folly, the spin, and/or their stupidity....thanks guyz for the beat-down!

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Comment by survivor2015 on Nov 19, 2017 2:12pm

Totally agree but I don't think it's stuidity. People have a genuine fear of investing in oil. Many have been burned. Large funds have left the sector in the spring causing the recovery to stall until July start of the recovery. I almost sold a big holding of another oil stock at the worst time in fear. Glad I didn't. In fact, if I ever get those gut ...more

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