Granite Oil Corp GXOCF

Smart Move

[Dalahlama]

I believe the company did a smart move to cut dividends taking into account the current financial market status. This company looks to maintain value for their shareholders. The ones who were short term holders appear to have left for fear of bag holding, but I feel we should see an SP increase very shortly.

[oceaneleven]

I am still here...once the dust has settled, I will double my position here...Hoping to grab shares under a buck as tax loss season is here and wcs fetching the almightly low....this is short term pain for long term gain....once pricing picks up, they can just urn on a few taps and away we go....The dynamics to the Canadian Oil & Gas plays are going to turn to the good here eventually and

[Rockafellow]

Nice to see u are positive on this drop. I too will Waite for under a buck to buy this hidden gem. As l indicated on S post the oil patch has a resource not tapped yet. Railing Alberta oil cheaply to the Churchill port and tank it to the refinery at Halifax for European market. If sherrit can rail cobalt and nickel from Halifax to fort sask why not rail oil to Halifax by tanker. Its cheap and no

[oceaneleven]

the tip I got on this stock was a pending deal to sell company but it's obvious now that this is not going to happen...But after doing some dd I thought that a possible sale under 5 bucks was not a good deal and glad management ended the strategic alternatives review, slashed divy to stay a float until pricing becomes attractive....this is when we will see true shareholder value....so I will

[penwin66]

a sale under 5bucs would have been dissapointing. Im glad the strategic review is terminated, let them hunker down, weather the storm and then rebuild value. 

[RockLobster1]

I'm curious as to why a sale under 5 bucks would be disappointing...  As we are now at 1.13 anything close to that would seem like a lottery win.

[penwin66]

5 bucs was cheap when oil prices were in the toilet and gxo was tarading at 7.50., they mismanaged things the last couple years..divy..spacing....etc. I doubt they ever imagined a 50usd WCS spread. But we are no where near a fair value if the canadian oil patch ever recovers. IF. You're right that anything close to 5 bucs is a multi bagger but only after it was gutted. If and when they sell I

[lemeilleur]

the trading commission and also the rcmp fraud unit has been keeping an eye on Granite oil .    If ever they were selling to the same investors or related  to same investors as  when bxo  Boulder energy was sold.  Their would have been criminal charges laid in relation to financial scheme     I know first hand, and their were wiretap involve and aslo