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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 by User

Comment by Sjakkspillon Jan 25, 2018 8:50am
162 Views
Post# 27430328

RE:RE:RE:Expect another dividend cut

RE:RE:RE:Expect another dividend cut If they should cut the dividend again right after the last cut management would look like they have no clue so that’s unlikely. I’m a little worried about Q4 results but the sales made should make the balance sheet look decent enough. They have been waiting on increases in recevoir pressure before starting the 2018 drilling program and I think that they can get production up quickly once ready to go.Good company with great assets which are just at the start of their pool life but the question is what will happen with the WCS price? The scary version would be a continuing high differential until we get some pipeline relief and that won’t be until Line 3 expansion late 2019 at the earliest coupled with a lower WTI price. On the other hand, if WTI holds in the 60s, the differential normalizes and the dollar drops then it’s hard to find a better place to be.
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