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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Comment by Kika2016on Mar 04, 2021 3:26pm
113 Views
Post# 32717549

RE:WCS up 6% today

RE:WCS up 6% todayThat would be correct if the oil averages at current levels for the whole year. If we stay at $64 for a month or so, we should definitely see $0.62 in a month. They have hedged 50% of their H2 production at 55.50 WTI (which i personally think they should have not done that so early. should have waited and locked >60 hedges). However they still have 50% unhedged where they get more free cashflow. Also they can ramp up light oil production to gain advantage if oil goes above and stays above $70
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