OTCQX:GXOCF - Post by User
Post by
PROtradingon Nov 13, 2017 3:08pm
135 Views
Post# 26953659
13% dividends might go up???
13% dividends might go up???This is an interesting play! The November investor presentation is out and the company clearly intends to continue to pay large dividends and even increase them in high oil price environments.
Sorry, I called this a "dog". I need to do more research on it. It's be behaving like a dog but it might not be a bad dog. Just in the doghouse right now pushed in by nasty minion shorts?
https://www.graniteoil.ca/uploads/GRANITE-CorporatePresentation-November2017.pdf "Built to provide returns to shareholders through commodity cycles Low price environment: • Highly efficient free cash flow-generating pool
• Strong balance sheet
• 100% Ownership with no facility constraints or competitive drainage
•
Pay a sustainable dividend down to low commodity prices High price environment: • Deep development drilling inventory under EOR with only 2.5% recovery to date
• 80 section delineated oil pool with high-impact exploration inventory
•
Opportunities to ramp up a combination of production, dividend, or exploration " Where's all the bears on this stock? Ran for cover??? LOL