Granite Oil Corp GXOCF

GXO: The Government change and the oil differentials

[stockfy]

Some good news for GXO. This well-researched article below from Seeking Alpha presents the facts why the Canadian oil differentials will remain normal or narrow further in late 2019 or 2020:

SA article: The Canadian Oil Differentials Will Remain Normal Or Narrow in 2019-2020


This excellent analysis is a Must-Read article for all the investors in the Canadian energy sector, including the GXO shareholders.

The author states that the fund managers who left Canada in 2017-2018 must return and buy selected energy names now.

The author also notes that a Government change in Canada this year has not yet been priced in the Canadian energy names and a Government change will definitely be another major tailwind for the Canadian energy equities, including GXO of course. 

Nevertheless, Canada does need KXL and TMX pipelines  in the long term.

[giovinco]

I think they should revise their December presentation and update the information with $50 WTI and $10 WCS differentials, including the gain from hedge. Their numbers are way off. Anyway, it's impossible to buy shares without driving it up to $0.75 level or sell shares without driving it down to $0.70 level. Hard to re-position my portfolio with GXO.

[Valueseeker18]

who cares about the diff revisions it is simple math - the forex is probably helping significantly as well.  That said what they should do is update their deck (get rid of alot of it as it is history and relative to a volatile environment). Move on to best guess of the go forward state of the company and highlight managements pragmatic approach to sustainable resovoir development and

[giovinco]

so what is the number? 15 mil FCF for 2019? can't do fp&a without excel file containing all the data. i'd be very happy if they reinstated the dividend to 1 cent per share now.