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Granite Oil Corp. T.DTX

Sector: Energy | Sub-Sector: Oil & Gas E&P
Primary Symbol: T.GXO

Price: $6.19 | Change: $-0.16 | %Change: -2.52%
Volume: 1.0m | Day High/Low: 6.51/6.15 | 52 Week High/Low: 36.544/6.00
View modes: 
5 stars

New websites are active

And, both companies will trade tomorrow according to latest company release.   The new websites are at boulderenergy.ca and graniteoil.ca.  rate and reply
0 stars

RE:Nice little overview article

Interesting article.  I've added some further background below although to be fair it probably doesn't change anyone's conclusions: While it is true that bakken assets pay a freehold royalty (to...read more
4 stars

Nice little overview article

Energy Summary for May 15, 2015 2015-05-15 20:00 ET - Market Summary By Stockwatch Business Reporter Henry Hamm's DeeThree Exploration Ltd. (DTX) lost 19 cents to $6.81 on 873,400 shares. Today...read more
3 stars

RE:RE:RE:RE:RE:RE:RE:Still Confused

This is very interesting .  Have you-all cobsidered they project growth with $60 crude. Not a common occurance.   Secondly, half of their production hedged theu 2015, not much hedged for 2016...read more
3.5 stars

RE:RE:RE:RE:RE:RE:Still Confused

No problem.  If you want to assume a 20% uplift in value it would be as below over this range. Assumption 20.00% upside in valuation - sum of parts vs...read more
3 stars

RE:RE:RE:RE:RE:Still Confused

The main issue I have with your analysis is you're simply assigning remaining value to granite.  I guess you could argue that the market has priced in all of the information and thus that is the...read more
3 stars

RE:RE:Still Confused

Thanks for the great analysis.  rate and reply
2.5 stars

RE:RE:RE:RE:Still Confused

OK, but note below what that does to the cash flow multiples.  Granite would trade at a low 1.95 times cash flow while Boulder would be at a high 7.53.   If expected cash flow is $56 million that is...read more
1.5 stars

RE:RE:RE:Still Confused

Squint1 wrote: Would a brand new and very small company trade at an initial yield less than the other divdend payers that I listed ? Well, Granite really isn't a "brand new" company. They have...read more
3 stars

RE:RE:RE:Still Confused

A lower yield would mean a higher share price as the dividend is set. I have a hard time believing that the shares are going to increase in value so much from current levels simply because previously...read more
4.5 stars

RE:RE:Still Confused

Would a brand new and very small company trade at an initial yield less than the other divdend payers that I listed ?  Maybe you are right.  I hope so.  I assumed for illustration that there is no...read more
1.5 stars

RE:Still Confused

Considering that Granite can pay the dividend and actually grow production, even at today's forward strip prices, it really should yield no more than 5%, as that is about where the best dividend...read more
4.5 stars

Share Conversion

Below is a range of outcomes assuming no appreciation above the current Dee Three equity value at Friday's close of $6.81.  This assumes the range of effective dividend yields and share prices for...read more
2 stars

RE:Still Confused

I am guessing an effective yield of 6.25% for a price of $5.76 as below.  Below is a reasonable range with comparatives of other divddend payers below that.   Expected share...read more
3 stars

Going forward ..........

I wonder what the immediate game plans for Granite and Boulder are. At this time, I guess that both vehicles will be active aggressive buyers of distressed assets or corporations. Assuming that the...read more
3 stars

RE:Still Confused

It depends on the closing price on May 20th.  rate and reply
3 stars

Still Confused

How much will the Granite shares trade for starting on May 21? At $.03/share monthly dividend, how much will the dividend be interms of % on an annual basis? Thanks for any help.  rate and reply
5 stars

Moving right along with the splt

I just received the following  The cards won't paste into this site ...  We anticipate that Boulder and Granite will begin trading on the TSX on Thursday May 21 under the tickers BXO and GXO...read more
5 stars

AGM

Attended the AGM and have to say that I was very impressed with the soon to be new CEO's of both Granite and Boulder. Very informative meeting in terms of what each company has in its operation and...read more
5 stars

First Quarter Financial Results

DeeThree Exploration Ltd. Announces 2015 First Quarter Financial Results and Operational Update Wednesday, May 13, 2015   DeeThree Exploration Ltd. Announces 2015 First Quarter Financial Results...read more