Granite Oil Corp GXOCF

what to do with gxo?

[uograd]

Been out of this for awhile after making a tidy little profit and cashing a couple of mega dividends.

the question now is is 2.70 a reentry point or when the quarter numbers come out in a few days is it going to crash.

Both buyout of rrx and spe have if anything been takeunders so can't  really see any positives coming out of strategic alternatives process.  Trinidad today have stopped theirs and based on last quarter dividend is unsustainable at current cash flow rates.

Anyone buying or selling.  I think earnings are next week.

[Sjakkspill]

Earnings will be out before market on the 10th. Not sure what to expect. I’ve calculated that they need $53 Cad WCS to make things fly. We’re a bit under that now but above for most of the quarter and, since they’ve gone back to 200 meter well spacings, I think that the quarter will be ok. I’ve been buying these past couple of days after selling out in early July. Too early by the looks of it but

[uograd]

well it sure is tempting at 2.67 but my spider senses tell me to wait until after earnings so i guess that is what I will do.

[kijiji]

sub $2.50 soon?

[BargainHunter88]

Would not put past this stock....Earning's dud most likely next week. Keep collecting that dividended....

[kijiji]

we might get a little bump off this spat brewing...  need better pipelines in Canada to get our oil internally to where we need it.. Saudi Arabia says it is ordering Canada’s ambassador to leave the country and freezing all new trade and investment transactions with Canada in a spat over human rights. Saudi Arabia’s foreign ministry tweeted that it considers the Canadian ambassador