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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 2021Gambleon Mar 02, 2023 11:33am
213 Views
Post# 35315236

When "sector perfrom" is no longer a bad thing

When "sector perfrom" is no longer a bad thingIt's interesting when you reall sit back, pour yourself a drink, and just gaze in wonder at the recent news release, and peruse the commentaries from the analysts...

And then, while pouring yourself another drink in celebration for the most recent financials, you harken back to early 2020 when ATH was at 11 cents....

And you smile as you contemplate just how far they've come in just under 3 years....

Analysts are no longer predicting bankruptcy

Analysts are now taking note of a forthcoming NCIB

Analysts are taking note of low debt, and resulting low leverage of activities

And saying without that leverage ATH will now perform in line with the sector

In line with the sector - as a whole....

Middle of the pack....

But with an attractive share price of only $3 bucks....

That's a pop at a corner store

Don't know about you....

But I'll take Sector Perform

And just sit back, pour another drink
And smile again

Cheers folks
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