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 > Buy Rating

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Comment by Rational43on Dec 02, 2021 11:50am

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Post# 34190344

RE:Buy Rating

All their hedges are in the money right now. $54 USD WCS vs current price of $48, and a collar range of $50 to $98 USD for WTI would be based on a 12 month strip ~ $75.

The current WTI 12 month strip is $65.

I do believe the WCS hedges may end up costing them some, but if the $98USD upside for WTI costs them, well I will be very happy!

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