Of course.
Cromcast podcast. Ep. 17 a Witch Shall be Born
http://thecromcast.blogspot.com/2014...l-be-born.html
This is very nice podcast where the hosts are talking in-depth about each Conan story and it's references. This is what one of the hosts claimed and I fully agree with him.
The story is about Conan overcomming the impossible odds. There is no damsel in distress to save and seduce (well there is queen, but she is no love interestes of Conan and it is not Conan who saves her) and there is no epic struggle with lovecraftian monster as he gets shot down on spot.
And one of the comments:
"Thaug and Thog are usually considered to be spawn of Tsathoggua. Many consider it anti-climactic how the demon is just killed by arrows but I think it plays nicely into Howard's descriptions how the early humans fought off the demons of the Elder World (from Kull stories). It does not always require magical help or a heroic confrontation to kill the monster. Your take on the vanquishing of Thaug as goodbye to Lovecraft was a nice one".