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 > $300 fundflow = $25 netback at 85 with 12.5 differential

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Post by drunk@noonon Feb 03, 2022 11:10am

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Post# 34393139

$300 fundflow = $25 netback at 85 with 12.5 differential

It makes no sense. 34,000 barrels a day 25 dollar netback times 365
gives you 310 million!!!!!
WTF is with them using 25 dollar netback. AT 85 dollar wti with 12.5 differential, even the 13,500 hedged at 70-13.5 gets far more from that.
I have no idea what they are deducting to get to cashlfow funds flow number but they need to give something that better captures the cashflow metric.
$25 netback. F-off.

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