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 > TMX Online for Commercial service next week

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Post by DukesMtl on Apr 25, 2024 4:00pm

TMX Online for Commercial service next week

Earnings reports will be Stellar for Canadian Oil Producers with 80+ oil prices since months now.

OPEC extending cuts and summer driving season also in play.

I don't think ATH even has any hedges in place so the cashflow is outrageously high for ATH.

https://globalnews.ca/news/10401213/trans-mountain-pipeline-expansion-may-1/amp/

Buy back those shares!!!

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Comment by BLACKJACK86 on Apr 25, 2024 4:10pm

actually we spent most of these 3 months between 70 and 80 dollars , only since mid march are we above 80 , so I don't expect a blockbuster report. But it will be good . And yes they do have some hedges in place.

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Comment by Mackthenife on Apr 26, 2024 1:39am

The average for the 1st quarter was about $76.00-$77.00 so there should be around 65-70 million FCF.

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Comment by newtonboy on Apr 26, 2024 9:41am

"The average for the 1st quarter was about $76.00-$77.00 so there should be around 65-70 million FCF." If your numbers are in the ballpark and production is near what was predicted 1Q, FCF would be substantially higher than the reported $41 million in the lasr quarter. i am anxiously waiting for the upcoming report.

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