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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 > What Gives? Management Quote from 2 years ago Nov 9, 2016

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Post by Valueseeker18 on Nov 27, 2018 10:57pm

What Gives? Management Quote from 2 years ago Nov 9, 2016

“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”

https://www.graniteoil.ca/Investors/News/news.php?xml=2113011sl

Hopefully a meaningful update comes shortly vs the standard take away capacity default doom and gloom.

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