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 > pretty depressing press release

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Comment by geesemanon Nov 10, 2017 8:41am

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Post# 26938146

RE:RE:pretty depressing press release

It could hit a new low but at some point investors will buy it for the yield. At $3.50, based on the current distribution, the yield of 12 percent. GXO does have sufficient cash flow to pay this dividend and has said it is sustainable based on current operations.

If the stock drops, the yield goes up...would be great to borrow money at 4 percent and buy GXO at a monthly yield of over 12 percent. No brainer.

GEESEMAN

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