Bullboard - Stock Discussion Forum Granite Oil Corp GXOCF

Energy

Granite Oil Corp is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The company is engaged in the exploration for and exploitation, development, and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta at the south of Lethbridge.

Add To Watchlist

OTCQX:GXOCF - Post Discussion

Granite Oil Corp > share price

View:

Post by traderlong2 on Oct 23, 2018 9:59pm

share price

feel like it is being manipulated
something must be coming soon
couple weeks for Q report

The way oil is dropping maybe the hedges are very poitive going forward

Hedging

For the second half of 2018, Granite has 1,200 bbl/d hedged, including 800 bbl/d hedged at an average price of $55.09 USD and 400 bbl/d hedged at an average price of $74.94 CAD.

Currently, Granite has 800 bbls per day hedged for the first quarter of 2019 (100 bbl per day at $65.72 USD and 700 bbl per day at an average price of $85.86 CAD) and 400 bbls per day hedged for the second quarter at an average price of $85.04 CAD.