Granite Oil Corp GXOCF

WTH is with this stock

[wmstock]

Making new 52 week lows, every week doesn't. Debating if to add to lower my average or wait this mess out. Oil is inching higher and this stock is dropping hard, something fishy gotta be cooking. Can anyone offer some input into what's going on?

[lineric]

It is really hard to say. But anonymous and CIBC are doing their their best to tank the stock. So it is likely shorting activity combined with short covering. It will be interesting to see the short report due Feb 2. I suspect oil prices will remain in this range for 2018. GXO will have a dramatic price recovery once this selling is done. A fantastic buy at these prices. IMHO

[Sjakkspill]

I communicated with the company yesterday and they think, along with TD, that an American retailer has made a decision to sell. I bought more at $2.50 ($2.48 with the dividend) although it feels like a guy is on the road to purgatory. Seems like all a guy can do is sell on a hop and buy on a dip like every other oil stock these days. Trying to figure out what is a hop and a dip is another matter.

[wmstock]

I am hoping it doesn't dip under $2 but unfortunately it looks that way. I will wait until the dust settles to decide if I want to add to my position, took a hit the past couple days. Somebody wants out and their message is clear. Can't find any other reason for this drop.

[wmstock]

And I there is the dip under $2. Doesn't look good, someone want this down, wouldn't be surprise if an offering is in the works.  Can't find anything but this is ridiculous. 

[Gladstone22]

With GXO breaking $ 2.00 its time for me to start buying

[penwin66]

Ive tried to find something but cant.no news.  HAd BXO when they did the takeover, Hope the same isnt happening here

[phyzzle]

I can't find anything either except this ... Director Nerland resigned in September: he's very well connected, many many other directorships, no other resignations, history of IPOs mergers takeovers etc , he left near the start of the shorting/heavy selling campaign.The only possible reason I can think of for him to leave is that he was getting out in front of an upcoming conflict of

[penwin66]

didnt quite make 70% but did ok. Just felt it was worth more than that. However, GXO at these levels, regardless of the wcs spread is just silly. I thought 3$ was a solid floor....boy was I wrong lol