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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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 Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Bullboard Posts
Comment by Spillerenon Apr 26, 2015 11:18am
280 Views
Post# 23665244

RE:RE:RE:Heads up

RE:RE:RE:Heads upATH does not have 1.3 B in cash. They have 1.05 B in cash and promissory notes which comprises150 M at the end of August and 134 M in August of 2016 plus interest. They do have 1.2 B in financing ability when you include undrawn credit. The keys for this stock moving up significantly over the next year, besides the price of oil of course, will be the successful ramping up of Hangingstone and achieving cost targets in the Duvernay. ATH is also likely screening well as a takeover target because of their cash, tax pools, immense reserves and cheapness. It'll be an interesting year ahead for sure.
Bullboard Posts