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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

Post by giovincoon Mar 15, 2019 10:51am
139 Views
Post# 29490747

Year end report due March 21st

Year end report due March 21stI wonder if they will reinstate the dividend for April. They will have 3.0 to 3.5 million in free cash to reduce the debt for Q1, so they could reinstate the dividend back for Q2.
1 cent monthly dividend per share would cost them ~1.15 million per quarter, so they could pay back the debt with the 2 million remaining every quarter.
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