Granite Oil Corp GXOCF

Cash flow per share up 50% from Q1

[Squint1]

Cash flow per share up 50% from Q1

[RockLobster1]

and the stock is on its way to 50% down.... what garbage this turned out to be... no 4 handle buyout as predicted, we'll be lucky to stay over 2.

[HansProPicks]

Curiously no mention of the dividend?

[Klens75]

Yup, I was wondering that too. My guess it`s gone... they`ll go after paying the debt. That was one of their stated goals in the release... not maintaining a dividend. Put it this way... do you think a 11% dividend is sustainable?

[HansProPicks]

Do I think a 11% dividend is sustainable? I find it interesting that most pundits echo the same thing, that if a dividend is above say 6%, that there's something wrong with the company.  I've been around for a while, when a dividend of 12% could be had (yest market rates for GIC's were 8% at the time, so my point is that everything is relative.  11% dividends can be

[lemeilleur]

people have short memory, GXO is under watch by the trading commission since the split of Deetrhree which broke the rules and defrauded stock holders.    Then the ceo destriyed BXO to annouce by surprise sell to private buyer,  The private buyer group is located in the same building as BXO/GXO    To sell bxo they had to make share go down to $1  back then,