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.

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OTCQX:GXOCF - Post Discussion

Granite Oil Corp > Seems Dividend Is Totally Safe

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Post by newcoin on Nov 10, 2016 9:41am

Seems Dividend Is Totally Safe

Despite the continued oil price volatility, the Company is on solid ground with its operational flexibility and strong netbacks, as well as low debt metrics and a strong hedge position. The Company will continue to prioritize its dividend and its advanced EOR Scheme. Prolonged dips in crude oil prices can be managed by reducing capital and growth to maintain the dividend and its sustainability while still creating future value by improving overall pool declines.

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