GXO.TO - Granite Oil Corp.

Toronto - Toronto Delayed Price. Currency in CAD
0.5100
-0.0500 (-8.93%)
At close: 3:26PM EDT
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Previous Close0.5600
Open0.5600
Bid0.5100 x 0
Ask0.5200 x 0
Day's Range0.5100 - 0.5600
52 Week Range0.4300 - 1.8100
Volume85,460
Avg. Volume26,076
Market Cap19.776M
Beta (3Y Monthly)3.43
PE Ratio (TTM)3.62
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.12 (21.43%)
Ex-Dividend Date2018-11-29
1y Target EstN/A
All
News
Press Releases
  • GlobeNewswire

    Granite Oil Corp. Provides Operational Update and Preliminary Third Quarter Results

    GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO)(GXOCF) is pleased to report the preliminary results for the third-quarter and an operational update. During the recently completed third quarter, the Company made significant progress on debt repayment and completed an initial test of a recompletion program which has the potential to have material, positive impacts on go-forward development of the Company’s Bakken oil pool. Granite continued its focus on debt reduction during the third quarter of 2019, further decreasing net debt by an estimated $1.7 million to an estimated $41.1 million at the end of the quarter.

  • GlobeNewswire

    Granite Oil Corp. Reports Second Quarter 2019 Financial and Operating Results

    GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO)(GXOCF) is pleased to report its operating and unaudited financial results for the three and six months ended June 30, 2019. During the first six months of 2019, Granite has reduced its net debt by over 10%, exiting the second quarter with net debt of approximately $42.8 million, down approximately $4.9 million from year-end 2018. Granite paid down approximately $0.8 million in net debt during the second quarter while increasing production by approximately 7% as compared to the first quarter.

  • GlobeNewswire

    Granite Oil Corp. Announces Results Of Shareholder Meeting

    OTCQX:GXOCF) is pleased to announce the results from its 2019 annual general and special meeting of shareholders held on May 29, 2019 in Calgary, Alberta (the “Meeting”).  Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 24, 2019, a copy of which is available on the Company's SEDAR profile at www.sedar.com. The voting results for each of the matters voted on by the shareholders at the Meeting are provided below. All of the nominees named in the Company’s Management Information Circular were elected as directors of the Company.

  • GlobeNewswire

    Granite Oil Corp. Announces Credit Facility Renewal

    GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO) (GXOCF) is pleased to announce that the annual borrowing base redetermination of its credit facility has been completed. The Company has renewed the existing credit facility at the same level of $50 million, consisting of a $45 million revolving demand credit facility and a $5 million revolving demand operating facility. The Company has sufficient liquidity and financial flexibility to execute its business plan.

  • GlobeNewswire

    Granite Oil Corp. Reports First Quarter 2019 Financial and Operating Results

    CALGARY, Alberta, May 08, 2019 -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report its operating and unaudited financial results for.

  • GlobeNewswire

    Granite Oil Corp. Provides 2019 Well Test Results, Operational and Corporate Update

    GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO)(GXOCF) is pleased to provide material test results from its well drilled and completed in the second quarter of 2019, preliminary first-quarter results including significant debt repayment, and advancements in operational and Corporate efficiencies. In April, Granite successfully drilled and completed one development well in the Western portion of its Alberta Bakken property. The Company recently completed a four-day flow test, during which the well produced a cumulative oil volume of 1,992 bbls and 1,450 mcf of reservoir gas over a 96 hour period.

  • GlobeNewswire

    Granite Oil Corp. Reports Year End 2018 Financial Results

    GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO)(GXOCF) is pleased to release its financial results for the year ended December 31, 2018. Granite has filed its audited financial statements for the year ended December 31, 2018, and related Management Discussion & Analysis with the applicable Canadian securities regulatory authorities. Granite's annual financial materials may be viewed in their entirety on www.sedar.com and on the Company's website at www.graniteoil.ca.

  • GlobeNewswire

    Granite Oil Corp. Announces 2018 Year End Reserve Metrics and Operational Update

    GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO)(GXOCF) is pleased to present the summary results of the independent reserves report (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2018. In 2018, Granite invested approximately $10.2 million of capital expenditures (unaudited), all organically, into its 100%-owned Bakken oil property. This represents a decrease of approximately 46% in year-over-year capital spending.

  • GlobeNewswire

    Granite Oil Corp. Announces Closing of Final Tranche of Private Placement

    FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, Jan. 18, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO) (GXOCF) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement (“Offering”) of common shares (the “Shares”) at a price of $0.52 per Share, for aggregate gross proceeds of approximately $437,171. Together with the first tranche closing that was previously announced by the Company on December 21, 2018, the Corporation has received aggregate gross proceeds of approximately $2 million.

  • ACCESSWIRE

    Today's Research Reports on Crew Energy, Granite Oil, Eagle Energy and Gran Tierra Energy

    NEW YORK, NY / ACCESSWIRE / January 3, 2019 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...

  • GlobeNewswire

    Granite Oil Corp. Announces Private Placement Closing

     NOT FOR DISSEMINATION IN THE UNITED STATES.  FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, Dec. 21, 2018 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO) (GXOCF) announces that it has issued a 3 million common shares (the “Shares”) at a price of $0.52 per Share for aggregate gross proceeds of $1.56 million pursuant to a non-brokered private placement (the “Offering”).  An additional closing of the Offering may be completed for combined total proceeds of up to $2 million. People interested in participating in the Offering should contact the Corporation.

  • GlobeNewswire

    Granite Oil Corp. Provides Dividend Update

    CALGARY, Alberta, Dec. 06, 2018 -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) provides an update to its dividend policy. From September 2018, the.

  • GlobeNewswire

    Granite Oil Corp. Announces Monthly Dividend for November, 2018

    CALGARY, Alberta, Nov. 22, 2018 -- Granite Oil Corp. (“Granite”) (TSX:GXO; OTCQX:GXOCF) will pay a dividend of $0.01 per common share in cash on December 14, 2018, to.

  • GlobeNewswire

    Granite Oil Corp. Reports Third Quarter 2018 Financial Results

    CALGARY, Alberta, Nov. 12, 2018 -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) is pleased to report its operating and unaudited financial results.

  • ACCESSWIRE

    Today's Research Reports on Granite Oil, Baytex Energy, Cequence Energy and Encana

    NEW YORK, NY / ACCESSWIRE / November 9, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...

  • GlobeNewswire

    Granite Oil Corp. Provides Operational and Dividend Update, and Exits the Previously Announced Strategic Alternatives Process

    GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO) (GXOCF) provides an update on its dividend policy, the Strategic Alternative Review process (the “Process”) and its Credit Facility. From inception, Granite has been committed to providing long-term returns to shareholders. This has been reflected in the Company’s competitive dividend strategy, prioritization of capital efficiency and industry-leading reserve metrics.