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Bullboard - Stock Discussion Forum 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... see more

TSX:ATH - Post Discussion

Athabasca Oil Corp > Dropping Oil prices
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Post by mlcb2525 on Jul 07, 2021 10:19am

Dropping Oil prices

I wonder if all the people who criticized management for their hedging in Q1, are hoping the management team did not follow their advise of not hedging going foward. It is so easy being a Monday morning critic. The smart people are buying as the weak hands (likely the Q1 hedging critics) who are panicking...................
Comment by Mindset on Jul 07, 2021 10:59am
Yeah I feel great about 40% of the production hedged at $55. SO relieved. lol.  
Comment by Chris007 on Jul 07, 2021 11:11am
Its actually around 60% hedged... 15,900 bbl/d @ 55 WTI and another 4000 bbl/d @ 62.50  So basically 60% of production hedged at an average price of 56.50
Comment by ComradeKomissar on Jul 07, 2021 4:08pm
30% hedged according to RBC Capital Markets.
Comment by Chris007 on Jul 07, 2021 4:22pm
According to the Q1 2021 MD&A - Risk Management Contracts - pg. 15 & 16 WTI sold call options -  July - December 2021 -  15,900 bbl/d @ 55.90 USD/bbl WTI fixed price swaps July - December 2021 - 4,000 bbl/d @ 62.50 USD/bbl Assuming average production of 34K bbl/d...thats approx 60% hedged for the rest of the year 
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