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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 > Dividend?
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Comment by giovincoon Jan 18, 2019 3:20pm
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Post# 29253141

RE:RE:Dividend?

RE:RE:Dividend?They might reinstate the dividend along with the bad Q4 report so that the share price does not react to the past information, which is priced in already. That's the only way I could understand to keep the confidence in the management.

Anyway, based on quick calculation, they should be able to pay 2 cents dividend per share. This is in addition to paying down the amount of debt they stated in the december presentation. WCS is $35 in their presentation and now over $40, plus the hedge is calculated based on $55 WTI so the gain is higher.
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