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

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Comment by Sjakkspillon Oct 12, 2019 5:49pm

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Post# 30225871

RE:RE:RE:RE:E. Nuttall

I don’t take much stock in what Nuttall says but when he states that ATH needs $60 WTI to break even then he’s using a $21 differential so $39. Pretty close to that right now but average WCS price in Q3 was around $43.50 so there should be a profit. ATH would have a considerably lower break even if they weren’t pay $60 million CAD in interest. Something over $5 a barrel. What they really need is higher oil prices and a stable differential but what company doesn’t?

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