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 > 34000 bopd's with 40 netback gives you 500 mill cashflow

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Comment by Maxmoeon Feb 02, 2022 3:45pm

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Post# 34390504

RE:RE:34000 bopd's with 40 netback gives you 500 mill cashflow

I doubt it will ever be unhedged. But they will reset the hedges much higher. Here's a prediction. If they hedge at 80. And for the hundredth time, you can't hedge at Spot in a backwardation, especially a sharp one like today. If oil drops back to 70 and they are banking it at 80, there will be no calls of hoorah, no outperformance, no reprieve from the sell off all the unhedged guys will have.

ManitobaCanuck wrote: This is a hidden gem , will show its power unhedged in next 6 months .
Till then sit and enjoy.

drunk@noon wrote: knock off 125 million sustaining cap ex going forward, and you have 375 mill or 50% annual free cashflow yield going forward. This, when netback is far higher, and they of course have 13000 bopd hedged at the equivalent of 57 wcs vs current 75. But the value of the company is the cashflow it will generate for decades to come, and even with the hedge--which isn't horrible considering the hedges most companies have had to live through in 2021.