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 > 2022 Hedges... Yikes!

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Comment by cahclickon Oct 28, 2021 2:55pm

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Post# 34060188

RE:2022 Hedges... Yikes!

Thanks for bringing this to the attention of this Board.

Max, don't blow a gasket.

glta

TickerStock101 wrote:

Has anyone noticed the hedge plan they have for the next 3 years? Wowzers...

75% of there production next year is hedged at $54 and $53. Why so low? And why so much!

Huge mistake! Nuttal will have words for them. They just killed the only thing going for them, their FCF leverage to the oil price!

2022 by the majority of analysts will be some of the highest prices for oil, over $100 a barrel, even right now they will be losing money on hedges. Why would they do that? Are they forced into it? Has anyone heard if Nuttal is selling his shares?