Granite Oil Corp GXOCF

Hedging

[traderlong2]

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.

 

[regardless]

While most oil majors lost close to 7% today  we lost less than 2% thinly traded and seems to be in a holding pattern  I believe there’s a company out there that will make a play for gxo soon  may soon I mean in next 5 months just an opiybut the way it’s traded in the last two months is a very big indicator to me 

[regardless]

So today is the ex dividing date?