Granite Oil Corp

GXO-T

Analysis and Opinions about GXO-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
November 2, 2012

Active in the Alberta Bakken and Belly River plays. Payback on their wells is very attractive, anywhere from 9 to 15 months. Expected to be about 6000 barrels per day by the end of this year and growing to 8000-9000 barrels per day at the end of 2013. His target is $10. Have enough land and prospects that it appears to be a potential acquisition target for very large companies. Expect that announcements to new reserves will also be quite significant. Trades at 5.4X cash flow.

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Granite Oil Corp (GXO-T)
November 2, 2012

Active in the Alberta Bakken and Belly River plays. Payback on their wells is very attractive, anywhere from 9 to 15 months. Expected to be about 6000 barrels per day by the end of this year and growing to 8000-9000 barrels per day at the end of 2013. His target is $10. Have enough land and prospects that it appears to be a potential acquisition target for very large companies. Expect that announcements to new reserves will also be quite significant. Trades at 5.4X cash flow.

BUY
BUY
August 31, 2012

Drilling the Alberta Bakken oil plays that had been overlooked previously and are having a lot of success. Recently had a resource update that was very robust. Have close to 900 million barrels of oil in place. So far have only booked about 10% of the resource so there is a lot more upside to be had. Very cheap.

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Granite Oil Corp (GXO-T)
August 31, 2012

Drilling the Alberta Bakken oil plays that had been overlooked previously and are having a lot of success. Recently had a resource update that was very robust. Have close to 900 million barrels of oil in place. So far have only booked about 10% of the resource so there is a lot more upside to be had. Very cheap.

TOP PICK
TOP PICK
March 30, 2012
Small oil/gas producer and exiting this year at about 5000 barrels per day. About 70% oil and 30% gas. Acquired some Fairborne (FEL-T) assets that are progressing well. Just released 2 wells in the Bakken area of Alberta where they recovered about 25% of the costs in the 1st 2 months.
Show full opinionHide full opinion
Small oil/gas producer and exiting this year at about 5000 barrels per day. About 70% oil and 30% gas. Acquired some Fairborne (FEL-T) assets that are progressing well. Just released 2 wells in the Bakken area of Alberta where they recovered about 25% of the costs in the 1st 2 months.
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