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Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > Question
View:
Post by Cougs79 on Apr 25, 2022 12:17pm

Question

In the March update it says the average WTI price was just under $120.00 average! In actual fact it was about $94.50 for the first quarter. It is $96.20 YTD,just curious if there is an expert on here to explain the difference. Maybe I read it wrong
Comment by Cougs79 on Apr 25, 2022 12:21pm
I went back and read it again! They are using CAD $ for hedging while WTI is stated in US $. Solved