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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

Post by Moremoney4uon Jul 07, 2021 7:19am
309 Views
Post# 33504120

Two scenarios

Two scenarios Ok . Financials coming soon
1.  Pay down good portion of debt( very likely)
2.  Re - negotiate new terms( very likely)
3.  Stop hedging program 
4.  Buy back shares
5.  Might be taken over??? 2.00 plus
6.  Increase production slightly
7.   Oil prices stay at 72.00 - 75.00 
The results of all this very positive for stock price 
 very undervalued at this level,my opinion, like to see 1.50
The other scenario is low oil prices, refinancing not favourable, Etc. This is NOt likely to happen . It ALL rests on their financials , which will be amazing , sending our little puppy into a new price level . Buy now at these low levels. Let’s see if my prognosis is accurate. GLTA 
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