Athabasca Oil Corp T.ATH

Going forward

[filefish]

After letting my boiling blood settle down, I am looking at what ATH might  do with the excess cash funds when the financing is completed. I figure they will have  $150mil in excess cash and that balance will be growing by about $12mil every month and even higher after the hedges expire in Dec. I am going to be really pissed if they sit on this cash like they did over the past few years. I think they should officially renew the NCIB and immediately start to buy back shares and offset the potential share dilution from the warrants. Then they should reward us shell shocked shareholders with a one time cash dividend. They can do this and stil lhave plenty of funds to excute a big increase in 2022 Capex . And damn it, if the new Notes start trading at disount, step in and buy them up. Maybe I am just dreaming or expect too much from this Management.

[JrOGInvestor]

There was never going to be a deal where Ath looks like a hero. At the end of the day they managed to kick their debt down the road to the point where they can, if they so choose, pay it off easily by that time.  Fundamentals are still the same - Break even doesn't change -  fcf for every $5 above break even doesn't change.  Pipeline will help reduce cost. We're

[filefish]

I would not be surprised if 2022 hedging was required for the deal to be made. In fact I would welcome it. They can lock in  high 60's/ low 70's ( vs 55 this year) on a portion of their production and utilize that 150mil extra cash ( balance building every month) to start drilling in the derisked Montney / Duvernay where the wells would now be super profitable. Oil sands operations