Granite Oil Corp. (TSX:GXO) Tops This Month’s Ubika Energy 20

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The Ubika Energy 20 (UE20) index fell 20.8% during the past month, following a similar sharp decline in the WTI crude oil price, which is flirting with the US$40 support level. Also in negative territory was the TSX Capped Energy Index, sliding 11.9%. Granite Oil Corp. (TSX: GXO) was the top-performing component company this month, climbing 12% after announcing an increase in its monthly dividend.

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