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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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.


TSX:ATH - Post by User

Post by TickerStock101on Feb 07, 2022 10:16am
239 Views
Post# 34404465

Reason cashflow is low

Reason cashflow is lowI think I found it out, what we are forgetting is that they need to pay 15% royalties on their thermal oil and on their light oil and they pay enbridge close to 30 million a year in addition. They only have 30% working interest on their light oil and diver and 70% in Monteny. They have a lot of hidden fees that affect their cashflow and some hedges that affect their FCF. 
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