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Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%
GRNTGranite Ridge Resources(GRNT) Seeking Alpha·2024-11-16 03:55

Group 1 - Granite Ridge Resources (NYSE: GRNT) plans to invest nearly 150millionincapitalduring2024forwellsexpectedtoturn−to−salesinearly2025[2]−Thisinvestmentisprojectedtoresultinasignificantcashburnofapproximately150 million in capital during 2024 for wells expected to turn-to-sales in early 2025 [2] - This investment is projected to result in a significant cash burn of approximately 65 million after dividends in Q4 2024 [2] - The company is focused on value opportunities and distressed plays, particularly in the energy sector [2]