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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

Post by ZeroIzzueon May 05, 2021 8:51am
286 Views
Post# 33130769

Q1 market reaction

Q1 market reactionGiven that the WTI average price was roughly $58 and Ath hedged 50% of their output to $55, the low fund flow is kind of expected. What's exciting is how quickly they managed to bring production back up since Dec of last year. I think their ESG plan is what everyone is looking at when refinancing, it looks pretty enough, not sure if investors will bite. So far market reaction to the q1 result looks ok to positive. Let's see how it pans out these 2 weeks. I suspect that WTI will pull back and the SP will go down with it. GLTA
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