Athabasca Oil Corp T.ATH

the royalties are a big drag

[BLACKJACK86]

they paid 61 millions in royalty for the last quarter and 99.8 millions for the last 6 months......ouchhhhhhh

that compare to 6.6 millions for q1 2021 and 10.6 millions for the first 6 month of 2021.

cost of diluant almost double at 123 millions versus  71 millions in same quarter of last year 

they did have NET income of 8 cents for the quarter ,at least.

So yes ,those hedge are a BIG drag ,they need to avoid them as much as possible.

all numbers taken from sedar site

[Deutz9170]

Look at how much their losing by not hedging oil at 120. Every five dollars affects cash flow by five million dollars??They could of guaranteed a full years guidance. What is that worth?

[cahclick]

  When ATH was paying $6.6 million in royalties in 2021 Q1, I was paying 15 cents for ATH shares. ATH and I were both standing on the ledge of financial demise. No offense but I have no desire to go back there. GO ATH GO glta  

[ComradeKomissar]

Royalties are an uber big drag. Think about it: how is it possible to generate lower free cash flow in Q2 v Q1, when WTI was 20% higher in Q2? Well, if you look at operating income, they barely managed to eek a mere $18M quarter over quarter. Why? Because the GORR to Burgess ballooned from 8% to 14%. They have already paid them $100M YTD, and are on track to pay them $200M for the full year. For

[ManitobaCanuck]

Patience my friend , Athabasca Oil was at 12 cents when negative comment were made two years back about its potential survival and today we are 20x up . I had the BALLS to buy a million n 100k stocks at 14 cents for 154k . FYI I sold half my position at 3.1$ and bought back in again from 2 to 2.2$  . Just Guess what that position is  worth today .....  I will see you in 2 years when

[ComradeKomissar]

Them some big cojones. Great timing. You've probably even beat Nuttall here. Just to clarify: they have lost the "operational torque" to Burgess. However, they still retain free cash flow torque since they are now 70% unhedged for the remainder of the year. I do see $5-$7 price in 2 years once they are deleveraged. Sadly, they can't pay off their debtor more often than twice a

[ManitobaCanuck]

I did beat Nutsac , If you remember back and see my posts I took up a personal and corp LoC to max up with Athabasca ,CVE ,Suncor and Baytex. Time to buy a Carribean island soon :))