Granite Ridge Resources Inc

GRNT remains in a Stage 4 decline under an active Lower Highs & Lower Lows pattern. Price is stuck below downward-sloping EMAs after a shallow bounce from extreme oversold levels, with no clear exhaustion. Medium-term bias stays bearish, but short-term timing is neutral, suggesting deferment until a rally into EMA resistance for trimming.

• ↑18% YoY production growth to 34,500 BOE/day, guiding continued 2026 expansion.
• ↑High oil price sensitivity offers material upside from rising commodity prices.
• ↓LOE rose 55% YoY to $9.57/BOE from flowback and disposal costs.