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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

TSX:ATH - Post Discussion

Athabasca Oil Corp > Why are a few stock sites showing ATH P/E as over 60?
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Post by CJInvestor on May 17, 2024 7:30am

Why are a few stock sites showing ATH P/E as over 60?

Did I miss something? How did we go from 10 before earnings to 60 now?
Comment by gassygeezer on May 17, 2024 9:07am
Hmm you're an early tiser like me with the same question, did Elmer Fudd replace the CEO? lol
Comment by BigJake on May 17, 2024 10:58am
They only reported 7 cents per share of earnings this quarter. I would have guessed it would have been 8 cents. If I am reading correctly it looks like they are writing off the majority of their full year capital expenses in the first quarter, instead of spreading across the year. If so, it just makes the rest of the year look better. They are not the only company doing this.
Athabasca Oil Corp
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