Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 filefishon Nov 09, 2019 5:50am
116 Views
Post# 30330863

RE:Your thoughts?

RE:Your thoughts?Kingshane, I received a similar reply from Matt. I give him credit for at least having an open door for questions and answers and hope that will continue going forward. In addition to what he mentioned to you I asked specifically about why the cash balance decreased Q / Q and he said it had to due with a financial asurance they had to provide TC Energy for access to USGC and that this would be credited back in the amount of 64mil next year. Another  reason was A/R up over 20mil -seasonal variance.What he didnt answer ( I asked again) is why they are not purchasing discounted Notes on the open market. This would give the most bang for the buck to reduce expense. As you see from his comment about the NCIB, it is not certain they will even go forward with any buybacks until they are FCF. My contention is that they have plenty of cash and can use a portion ,not all of it, to do both shareholder buybacks and debt reduction and still have plenty of liquidity.  They are 18 months away from any possibility of being the next Bellatrix. Until then, lets hope for higher oil prices, positive action with TMX and some wisdom on the part of ATH management to act for the benefit of shareholders.
Bullboard Posts