Athabasca Oil Corp T.ATH

They have yet to hedge 15K barrels for FY '22

[ComradeKomissar]

Budget comes out in DECEMBER! They have another month or so get some decent swap pricing.

As with the financing, the retail "ape" is unable to appreciate the nuances of complex financing and hedging deals.

[Mindset]

Because I'm a generous Ape, I'll throw you a banana... they plan to hedge 75% of their thermal oil, not their light oil. So they only have about 6000 barrels left to hedge.  But I'm sure with your high reading comprehension and Uber ability to understand the complexities of their hedging program you already knew that. 

[ComradeKomissar]

Whether 15K (and the graph suggests 15K) or 6K the main point here is that, just like the financing with cashless warrants, this isn't as bad as it seems. Thanks for the banana.