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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 ManitobaCanuckon Aug 22, 2021 4:09pm
177 Views
Post# 33746443

RE:RE:RE:RE:My take

RE:RE:RE:RE:My take

 

Come on Estevan aren't you the same guy who predicted bankruptcy for this company in 2020 when it was at 
18/20 cents . I bought then when you predicted the sky was falling and I made a million on this .
The inherent value is approx 2$ and even if they are liquidated/taken over at 50% price we still make money . I know there is a fourth wave but as Israeli data shows ,it affects only older patients and in vaccinated people ,ICU admissions aren't high .So this will pass in a few weeks and we will see oil test 70$ again towards end of year.


EstevanOutsider wrote: They are hedging 50% of their volumes. At $4 aeco and $60 they wont have that much FCF. Athabasca needs a better oil price otherwise survival will be meager, assuming they do.

 

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