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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Athabasca Oil Corp > Hedge Funds Taking Positions Before Oil 🛢 Price Run Up
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Comment by MLEWICKIMBAon Apr 20, 2023 4:15pm
226 Views
Post# 35406049

RE:RE:RE:Hedge Funds Taking Positions Before Oil 🛢 Price Run Up

RE:RE:RE:Hedge Funds Taking Positions Before Oil 🛢 Price Run UpUp -- its headed up.

Ath only has $24,000,000 a year in debt interest and can refinance in 42 months if they choose.  No other mid caps are in this condition. They may pay off that $175,000 000 USD in debt before the 2026 maturity.

Ath a more simplified producer now and planned capacity increases will drive top line sales keeping their projected cash flow in line for 2023.

No taxes due until 2030. Positive for cash flow right.

Only about 25% hedged and its turned out to be a good hedge.

So I say UP.

Just because the media can play with the financial market doesn't mean they can play with the physical market.


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