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.

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OTCQX:GXOCF - Post Discussion

Granite Oil Corp > Hedging

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Post by traderlong2 on Nov 23, 2018 8:56pm

Hedging

its big negative
is now a positive ?
glta

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.

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