Bullboard - Stock Discussion Forum 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... see more

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Athabasca Oil Corp > Q3

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Post by cahclick on Oct 01, 2022 11:33am

Q3

Q3 is in the bag.

Just had a thought this morning that lower WTI lately has been offset by the increase in USD against the Canadian peso.

On Mar 07, 2022 when oil peaked at $130.50, the USD was $1.28C$

Yesterday, Sept 30, 2022 WTI closed at $79.74 but the USD was now $1.38C$

So, the extra 10 cents per USD helps take some of the sting out of lower WTI for ATH.

Thats it. That's all I got.
Happy weekend.
glta

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Comment by Mackthenife on Oct 01, 2022 12:02pm

Given that the average WTI price for the 3rd quarter was about 2.5% less than q1 and the USD was higher, I expect the FCF will be similar to Q1. Somewhere between 40-45million. Debt should be either very low or nil soon.

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