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 > Q4/2020: NEGATIVE Free Cash Flow: $ -6.449M !!!

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Comment by Chris007on Mar 03, 2021 10:40pm

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Post# 32712192

RE:RE:Q4/2020: NEGATIVE Free Cash Flow: $ -6.449M !!!

No big surprises in the Q4 earnings.

Only real positive was that the company finally posted postive cash flow from operations. First time in a year....

Hendrick3 wrote: Just to be clear the adjusted funds flow was negative on the year. The FREE cash flow was seriously negative on the year. While this company can recover in a $60 oil price world, they clearly have a break even that is one of the higher in the industry. I do not think they are underpriced relative to others at this price.

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