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

Bullboard Posts

Comment by pppon Mar 29, 2019 12:36pm

272 Views

Post# 29554897

RE:Free cash flow

I guess the main question is, What will heavy do going forward? IMO Q4 was a wake up call.

I think the market wants to see some steady CF numbers out of these guys before they invest any major dollars. I started a position and will add if oil keeps its uptrend and the spreads stay tight.

Hedging 40% at over 20 us spreads is hurting, as they are just over 9, but after q4 I can see the panic. I started to buy some Meg but I think this is a far better buy as I like the debt numbers Nav reserve life ect compared to MEG