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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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.


TSX:ATH - Post by User

Comment by Chris007on Jan 08, 2021 11:22am
292 Views
Post# 32253946

RE:Question to Chris

RE:Question to ChrisWho knows, probably 50-70 cent range would be conservative.

Operating breakeven for 2021 assuming wcs differential of 12.50 is 45 WTI. According to their latest presentation

The company isn't exactly going to be rolling in cash at 52 WTI, but atleast its not losing money, running the business.

Even when they bought the Statoil/Equinor assets, if you read the old news releases, they were really banking on 60+ WTI in order to make things work. Things have definitely not been easy for the company since buying the equinor assets, first you had the heavy oil differentials blowing out in 2018 (i guess 2019 was a fairly mundane year), and in 2020 we had the covid situation.

Kicking the debt down the road for several years, would definitely be a positive. Buy them some time to generate some FCF to deleverage and hopefully do other things once debt becomes more manageable, like share buybacks.

lovehockey wrote: Hypothetically speaking. If the debt was rolled over today with 7% interest and the current WTI price of $52 where do you think ATH would be trading today? 


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