RE:RE:RE:RE:RE:FCF at 100$ OILlol...what the hell does ATH have to do with the Arabs? What are you talking about?
If you are referring to the royalty deal the company signed, as per pg.10 of the q4 md&a:
In 2016 and 2017, Athabasca granted Contingent Bitumen Royalties on its Thermal Oil assets to Burgess Energy Holdings L.L.C. ("Burgess") for gross cash proceeds of $397 million. On April 28, 2020, Athabasca upsized the Contingent Bitumen Royalty with Burgess for additional cash consideration of $70 million, bringing the total cash raised to $467 million. The Royalty structure ensures the Thermal Oil assets are not encumbered at low commodity prices. The Royalty on the brownfield assets (Leismer, Hangingstone and Corner) is based on a scale from 0% – 15% with a Western Canadian Select (“WCS”) heavy benchmark. At prices below US$60 WCS the rate is 0% (US$75 implied WTI assuming a US$15 WCS differential). The minimum 2.5% rate is triggered at US$60 WCS with a sliding scale up to 15% at US$100 WCS. On the greenfield Dover West asset the Royalty structure is based on a scale from 0% – 12% with a WCS heavy benchmark. At prices below US$70 WCS the rate is 0%. The minimum 2% rate is triggered at US$70 WCS with a sliding scale up to 12% at US$150 WCS. The Royalty is applied to Athabasca’s realized bitumen price (C$), which is determined net of storage and transportation costs. The Royalty has no associated commitments to develop future expansions or projects. The Royalty is not expected to materially impact economics of future expansion phases or development projects. No amounts have been paid or are currently payable in respect of the Royalty to Burgess.
littledave55555 wrote: don't get to excited about 80 dollar oil know that once it hits 80 dollars ,ath owes a lot of money that has to be bad to some arabic country..... in full, at 80 dollars