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 > Nice close today

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Comment by Chris007on Jun 28, 2021 5:15pm

377 Views

Post# 33461206

RE:Nice close today

LOL...what kind of calculator are you using...its not that big of a number...or remove some zeros when you do the calculations

Also keep in mind that roughly 60% of production is hedged at much lower prices (mid 50s) until the end of the year

IF production was entirely unhedged:

Breakeven at 43 WTI, with each $5WTI increment generating 70M in CF

80-43=37
37/5=7.4
7.4 x 70 = $518M

Less: approx 100M in capex

= $418M annual FCF...if production was completely unhedged @ 80WTI...assuming WTI stays at 80 for a year, or if the company is able to hedge a years worth of production @ 80

MrICE wrote:
Holding strong.

Eric thinks oil could be $80 in as short as 8 weeks.

can someone do the free cash flow math on that ?
my calculator doesn't go that high