Granite Oil Corp GXOCF

Energy

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 by User

Granite Oil Corp

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Comment by Poriemonon May 17, 2015 10:47pm

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Post# 23737941

RE:RE:RE:Still Confused

A lower yield would mean a higher share price as the dividend is set.

I have a hard time believing that the shares are going to increase in value so much from current levels simply because previously it wasn't paying dividends and now it is - the incremental value of future dividends should already be priced in. AS such, I feel that the current yield will be higher - around 10% (effectively putting granite share price around $3.20) as the market expects that divided yield to fall.

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