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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

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Post by traderlong2 on Feb 23, 2018 7:53am

gxo

This should be over 3.00
The divey is not going anywhere imo
insiders own lots and I am sure ike their monthly cash payment
divey paid for shareholders that own gxo on wed 28th
glta

some progress...

British Columbia edges back from ban on increased oil shipments
22 Feb 2018 - Reuters
British Columbia edges back from ban on increased oil shipments

VANCOUVER (Reuters) - British Columbia on Thursday edged back from its pledge to block increased shipments of crude oil through the Pacific Coast province, saying it is now pursuing legal advice on whether it has jurisdiction to impose the temporary ban.

The province sparked a trade war with neighboring Alberta last month, when it announced numerous new environmental rules, including plans to bar any increase in heavy oil shipments while a panel studied the impact of heavy oil spills.

"We believe it is our right to take appropriate measures to protect our environment, economy and our coast from the drastic consequence of a diluted bitumen spill," said British Columbia Premier John Horgan in a statement. "And we are prepared to confirm that right in the courts."

The proposed rules were seen as a direct attack on Kinder Morgan Canada's C$7.4 billion ($5.8 billion) Trans Mountain pipeline expansion, which would nearly triple capacity on an existing pipeline from Alberta's energy heartland to a Metro Vancouver port.

In response, Alberta's premier, Rachel Notley, imposed a ban on the sale British Columbia wine, and called on the federal government to step in to assert its jurisdiction over the project.

The Trans Mountain expansion was approved by Canada in 2016, but has been repeatedly delayed by permitting issues.

Horgan said his government is retaining legal counsel to pursue the jurisdictional issues in court, but that the process could take several weeks. In the meantime, the province will proceed with the other measures around oil spill preparedness, response, and compensation.

 

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