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 > Hedges are bad compared to MEG and others this year

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Comment by Tanman1914on Mar 03, 2022 7:03pm

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Post# 34481196

RE:RE:Hedges are bad compared to MEG and others this year

I agree they are rocking! But now they are fair valued. Do the math on their hedges for Q1. They are hedged brutally ... over 65% hedged at lower prices. 16000 at 54 WTI + 7300 at 96 WTI = 23300

they only produce almost 36000 bbl/d... so 23300/36000 = hedged 65% ...
and oil is at $109 wti...

they are losing a ton of money on hedging loss...

will get a bit better next Q2-q4..

but still painful when oil price is going to go way higher in my opinion.

MEG and SGY are better options at the moment in my opinion. ATH will do better later on.

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