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 > Hmmmm

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Comment by cahclickon Jan 06, 2022 7:03pm

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Post# 34291117

RE:RE:Hmmmm

Who you calling "Grace", fat boy ?
Did you come off your meds again ?

GO ATH GO

Maxmoe wrote: Lol. I need to work on my "grace" skills. We all agree hedging is a necessary evil and I've been hearing about it from whiners all the way up. Friggin stock is up over 1000% and still Johnny come lately complains it should be up 5 cents more because of hedging. You keep being polite, someone has to. I'll tell them to get real.

cahclick wrote:

Just speculating but it just occurred to me that as of two days ago we're in a new tax year and some-body may be unwinding their position.
We've had over 8 million shares change hands since the market opened two days ago.
Its a maybe, but could explain why ATH hasn't had any legs even with oil up 5 bucks.

jmo

As for hedging, it's a necessary evil if you have debt. Proceeding without it would be like driving a car without insurance. A bit of a fool's mission.
A year ago there were oil names (including ATH) teetering on death so they were committing to long Hedges to preserve cash flow - to stay alive.
With oil in the $70's for a few Q's that'll sort itself out.
As long as oil stays where it is, we'll all be swimming in dough.

more jmo

glta