OTCQX:GXOCF - Post by User
Post by
traderlong2on Oct 09, 2018 8:02pm
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Post# 28769831
Hedging
Hedging I also think they will be sold
this company is a bargin imo at 1.84
and could be bought in the 3 dollar range easy That imo would be still be a bargin
I will wait and add
either way they cut the divy and it is already factored in at this price
or they get sold
or this dam hedging losses stop in 10 weeks and then this thing is actually generating great cash flow even enough to keep paying the current divy
GXO IS currently leaving 20 bucks a barrel on the table for more than half of their production
I bet the sp starts to climb as we get closer to them expiring
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.