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.

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Granite Oil Corp > Dividend

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Comment by Bondenon Jan 16, 2020 6:32pm

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Post# 30562682

RE:RE:RE:Dividend

Boys are working hard to manipulate down under 60 to cover. Maybe, but I’ll be buying in such a case. As for a dividend reinstatement, I don’t think they’ll ever put in place a monthly dividend again but special dividends are absolutely on the table. Not likely in 2020 but I see the debt getting under 30 million in Q2 2021 and then I think everything will be in play - dividends, share buybacks and an increase in production. Share buybacks might come first at this price. Better days ahead.

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