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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 filefishon Oct 25, 2021 3:57pm
314 Views
Post# 34046795

RE:RE:RE:Wake Up!

RE:RE:RE:Wake Up!
I agree. While I am not a big fan of ATH management, I think they did the right thing to hedge 40% of next years production.The next hedges which will bring the total to 75% will surely be at a high WTI number and will set the Company up for success. If you've been a long term holder as some of us have, you have to feel fortunate to be where we are today. None of us, including management care to experience the scare we have been thru over the past two years. At this point, I am satisfied with added safety of my investment from the hedging plans. 
   
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fellowship wrote: From Bankruptcy looming to secured debt repayment and future value locked in and you are stating it is Mgmt fault ? For sure it is !!! 




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