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Bullboard - Stock Discussion Forum 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 Discussion

Granite Oil Corp > GXO Loan Rate Cut
View:
Post by newcoin on Sep 15, 2016 2:37pm

GXO Loan Rate Cut

to 25% (from 50%) at TD. Effective yesterday.
Comment by MustangMatt on Sep 15, 2016 7:32pm
Newcoin do you mean the margin rate from 50% to 25%?  Cheers Matthew
Comment by newcoin on Sep 16, 2016 1:03am
An investor used to be able to borrow 50% of the stock value. Now only 25%.
Comment by MustangMatt on Sep 16, 2016 10:50am
That's interesting, it is a margin thing, thanks for the heads up.  I thought TD went to 25% when the stock went sub $5.  Cheers Matthew
Granite Oil Corp
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