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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 > Shorts having their way.
View:
Post by lineric on Aug 13, 2018 11:47pm

Shorts having their way.

Last time the SP got this low the stock was heavily shorted. I see the same tag team of Anonymous and CIBC at work shorting ( market manipulation)  again. Well... they have to cover and this should drive up the price.  I agree the fundamentals aren't great but they are have a story.  Not many oil companies are doing that great either. Could be a good buy . Oversold.
Comment by agoldbloom on Aug 14, 2018 10:21am
Definitely oversold however analysts are turning their back on the company now.  I'm seeing reports coming up with big target price cuts (RBC just cit to $3) on the back of this quarter.  The problem for oil and gas companies is that they need injections of capital when finances are the worst (due to the price of oil) and then have money thrown at them when the price is high and they ...more  
Granite Oil Corp
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