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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

Comment by filefishon Feb 02, 2022 5:02pm
204 Views
Post# 34390873

RE:RE:RE:Athabasca Oil Corporation Announces Preliminary Year-End Res

RE:RE:RE:Athabasca Oil Corporation Announces Preliminary Year-End ResGood to see a proactive announcement from ATH.  Hoped for a larger term debt repayment than  $25mil and hope they will announce additional repayments before May. After all they have about 250mil cash on the books, and growing, with all CAPEX funded by the certainty of the CF on the 2022 WCS hedge. Its going to take more debt repayment announcements like this to push the stock higher. We should expect to see a huge impairment reversal for the Hangingstone property when they issue their Q4 statements. That will make the balance sheet look ever stronger.
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