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Bullboard - Stock Discussion Forum Granite Oil Corp GXOCF

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 > Insider
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Post by Bonden on Dec 09, 2019 5:37pm

Insider

Nice hop today with high volume and even very briefly hit .59. There was lots of insider buying from the end of October until the 21st of November and then suddenly stop even though the stock had been considerably lower since. I’m wondering if there isn’t something in the works. Another thing is paying down debt as much as possible but still spending money to clean up wells even though the LMR is excellent. All this me think that GXO is positioning itself for sale.
Comment by CDNOilInvestor on Dec 10, 2019 2:48pm
Great call.  If Insiders are not buying from Nov. 21 onward, something has to be up with the SP hitting $0.40!!   It's reserve season and like I have mentioned before, this is the best deal on a PDP reserve basis in Calgary at the moment.  They must have been sent an offer?!?!  I am buying on this premise this week.  The math is simple on this one...   ...more  
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