Granite Oil Corp GXOCF

Next Update to include - Non presentation form

[Valueseeker18]

Confirmation of no syndicate bank review until April 2019 per recent press release, and that their is no risk of any covenenant breach until then 

preliminary 2019 budget (sustaining mainteneance and drilling/e&p) and production

current field netback based on WCS price of X

estimated netback once new hedges kick in and based on 2019 strip

along with the above features of a press release, an aquisition announcement hopefully to utilize the teams EOR expertise and hopefully which confirms why management is in blackout if that is true

[Snowhouse]

Hey VS18, Thanks for your insight. I am not very well versed with O&G industry and the accounting standards/Business but what I can understand from the current valuation is that this company has good assets and it is undervalued at the given price. The company has secured/hedged the 2019 production at very good rates and they get $6 more on the WCS differential. Do you have any estimate in

[Valueseeker18]

on a cash price takeout and debt assumption nothing less than $2.00 per share based on what they have presented, on a share value merge - the value of what GXO shareholders get as a go forward % of a combined entity should be apples to apples to what each partner brings - for example the same metrics should be used based on current production, reserves (by a credible 3rd party), current NAV of

[Snowhouse]

Thank you VS18. That sounds very interesting from a new investor perspective. My costing is around $1 but $2 sounds like a 100% gain for me if it happens. But from the company standpoint, I always thought that GXO is worth more than $2. Something is better than nothing at this stage.