Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Athabasca Oil Corp
Bullboard Posts
User Avatar Image
(241)
•••
Comment by matt2018on Nov 20, 2019 11:09am
94 Views
Post# 30373815

RE:RE:RE:Heard back from the company

RE:RE:RE:Heard back from the companyauburn2 production # info received from the company tells us the thermal back up to 28,000 bbl/day presently.
Lets assume ATH can avg close to 27,000 bbls/ day for the 4th Qtr.
if 20,000 bbls/day of that is protected at $53 that should bring in $97,520,000 of revenue (92 days) plus whatever $ they get for the other 7,000 bbls/day plus sales from the light oil (last Qtr it was $34,462,000).

Revenue for 3rd Qtr was $216,3 MM.
Obviosly we are going to be shy of this number but expenses are coming down due to efficiencies, diluent costs, etc.
its going to be tight but I believe they are living within their means..... like they keep saying.

please correct my math here if its not correct or if you can add any other info on expense per bbl if you have.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities