GXO.TO - Granite Oil Corp.

Toronto - Toronto Delayed Price. Currency in CAD
0.9400
-0.0100 (-1.05%)
As of 2:01PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close0.9500
Open0.9400
Bid0.9300 x 0
Ask0.9400 x 0
Day's Range0.9400 - 0.9400
52 Week Range0.4000 - 0.9700
Volume20,598
Avg. Volume112,055
Market Cap36.449M
Beta (5Y Monthly)1.95
PE Ratio (TTM)6.76
EPS (TTM)0.1390
Earnings DateMar. 18, 2020 - Mar. 22, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateNov. 28, 2018
1y Target Est0.85
  • Baystreet

    Stocks in play: Granite Oil Corp.

    Presented the summary results of the independent reserves report prepared by Sproule Associates Limited ...

  • GlobeNewswire

    Granite Oil Corp. Agrees to Sale to International Petroleum Corporation For $0.95 Cash Per Share

    GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO)(GXOCF) is pleased to announce that it has entered into an arrangement agreement (the “Agreement”) with International Petroleum Corporation (TSX, Nasdaq Stockholm: IPCO) (“IPC”), pursuant to which IPC will acquire all of the issued and outstanding common shares of Granite (the “Shares”) for cash consideration of $0.95 per Share (the “Transaction”). The Transaction is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta) (the “Arrangement”). The cash consideration offered to Granite shareholders represents a 61% premium to the closing price of the Shares on January 17, 2020 and a 77% premium over the 30-day volume weighted average trading price of the Shares on the TSX up to and including January 17, 2020.

  • GlobeNewswire

    Granite Oil Corp. Announces 2019 Year End Reserve Metrics

    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, 2019. In 2019, Granite invested approximately $6.4 million of capital expenditures (unaudited) into its 100%-owned Bakken oil property, representing approximately 45% of its Corporate funds from operations (unaudited), and replaced its Proved Developed Producing (‘PDP’) oil reserves.

  • GlobeNewswire

    International Petroleum Corp. Announces Acquisition of Light Oil Assets in Southern Alberta

    International Petroleum Corp. (“IPC”) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has entered into an agreement to acquire Granite Oil Corp. (“Granite”) (GXO.TO) for total equity and debt consideration of approximately USD 59 million (CAD 77.2 million) (the “Acquisition”). The Acquisition includes total proved plus probable ("2P") reserves of 14.0 million barrels of oil equivalent (MMboe) and 6.2 MMboe of unrisked contingent resources (best estimate) as at December 31, 2019. The current production is approximately 1,500 barrels of oil per day (bopd) with further potential for light oil production and development upside, close to IPC’s current area of operations in southern Alberta.

  • Some Granite Oil (TSE:GXO) Shareholders Have Copped A 95% Share Price Wipe Out
    Simply Wall St.

    Some Granite Oil (TSE:GXO) Shareholders Have Copped A 95% Share Price Wipe Out

    Granite Oil Corp. (TSE:GXO) shareholders will doubtless be very grateful to see the share price up 55% in the last...

  • GlobeNewswire

    Granite Oil Corp. Provides Preliminary 2020 Plans and Fall Borrowing Base Redetermination

    GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO)(GXOCF) is pleased to provide preliminary 2020 plans and announce the fall review of the Company’s borrowing base redetermination of its credit facility has been completed. Granite is planning a capital program in 2020 that continues to prioritize significant debt repayment while growing production and adding producing reserves at highly efficient and economic metrics. Following a successful recompletion test in August 2019, in which the Company added new frack stages in a legacy producing well, the Company is confident this tool provides a means with which to accelerate these plans in 2020 while maintaining significant capital flexibility.

  • Should You Worry About Granite Oil Corp.'s (TSE:GXO) CEO Pay Cheque?
    Simply Wall St.

    Should You Worry About Granite Oil Corp.'s (TSE:GXO) CEO Pay Cheque?

    Mike Kabanuk has been the CEO of Granite Oil Corp. (TSE:GXO) since 2015. This analysis aims first to contrast CEO...

  • GlobeNewswire

    Granite Oil Corp. Reports Third 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 nine months ended September 30, 2019. Refer to the commentary in “Reader Advisories” under “Non-GAAP Measurements” for further discussion.

  • 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.

  • Why We’re Not Impressed By Granite Oil Corp.’s (TSE:GXO) 2.9% ROCE
    Simply Wall St.

    Why We’re Not Impressed By Granite Oil Corp.’s (TSE:GXO) 2.9% ROCE

    Today we'll look at Granite Oil Corp. (TSE:GXO) and reflect on its potential as an investment. Specifically, we'll...

  • A Look At The Fair Value Of Granite Oil Corp. (TSE:GXO)
    Simply Wall St.

    A Look At The Fair Value Of Granite Oil Corp. (TSE:GXO)

    Does the September share price for Granite Oil Corp. (TSE:GXO) reflect what it's really worth? Today, we will estimate...

  • 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.

  • Here's Why Granite Oil (TSE:GXO) Is Weighed Down By Its Debt Load
    Simply Wall St.

    Here's Why Granite Oil (TSE:GXO) Is Weighed Down By Its Debt Load

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • Simply Wall St.

    Easy Come, Easy Go: How Granite Oil (TSE:GXO) Shareholders Torched 98% Of Their Cash

    Long term investing is the way to go, but that doesn't mean you should hold every stock forever. We really hate to see...

  • Could Granite Oil Corp.'s (TSE:GXO) Investor Composition Influence The Stock Price?
    Simply Wall St.

    Could Granite Oil Corp.'s (TSE:GXO) Investor Composition Influence The Stock Price?

    Every investor in Granite Oil Corp. (TSE:GXO) should be aware of the most powerful shareholder groups. Institutions...

  • Is Granite Oil Corp.'s (TSE:GXO) CEO Overpaid Relative To Its Peers?
    Simply Wall St.

    Is Granite Oil Corp.'s (TSE:GXO) CEO Overpaid Relative To Its Peers?

    Mike Kabanuk became the CEO of Granite Oil Corp. (TSE:GXO) in 2015. This report will, first, examine the CEO...

  • 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.

  • Here’s why Granite Oil Corp.’s (TSE:GXO) Returns On Capital Matters So Much
    Simply Wall St.

    Here’s why Granite Oil Corp.’s (TSE:GXO) Returns On Capital Matters So Much

    Today we'll look at Granite Oil Corp. (TSE:GXO) and reflect on its potential as an investment. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can...

  • 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.