Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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.

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Athabasca Oil Corp > NOW !!! DAMMIT NOW !!! HAMMER That Re-Financing DEBT Package

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Comment by mlcb2525on Mar 04, 2021 4:13pm

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Post# 32718002

RE:RE:RE:RE:RE:NOW !!! DAMMIT NOW !!! HAMMER That Re-Financing DEBT Package

You can only say that with 20/20 hindsight. No one could have forseen WIT hitting $63.50. Heck, even this morning people were talking about the OPEC risk to the price with the talk being of a possible production increase of 1.5M BOD.

The hedge program was reasonable and prudent given what was known at the time along with the need to protect their financial position and capex program.

I just think you cannot criticize management for doing the hedge as they had little room to absorb any bad news if the price had gone south.

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