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 > What's Going On Here?

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Comment by jerrybeon Aug 26, 2016 10:02am

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Post# 25179726

RE:What's Going On Here?

There was somewhat (slightly higher costs for the quarter) but I would really view this as a strong buying opportunity. This firm is a cash cow, even at these prices. The dividend is safe, yielding 6%. That is nice by any standard. They have perfected their operations and now are trying to expand the zone for which they can apply their EOR techniques. The future is bright for GXO.

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