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 > Oil Hedges

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Comment by Maverykon Jan 05, 2022 11:28am

201 Views

Post# 34285337

RE:RE:Oil Hedges

ATH is the majority of my holdings, but I too am pissed off with the hedges - especially the 13.5k for 2022 @$54/bbl. That one stings A LOT.

Even with the handcuffs of such a terrible hedge, the enterprise value is still dramatically depressed at @70 oil let alone $80.

Hopefully the hedge was nothing more then a pressured agreement to close finacning. Another hedge like that and I will have to move my money around to other juniors.

But for now, ATH seems to me to be the most undervalued, highest potential growth energy stock available.

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