Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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.

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Athabasca Oil Corp > Leverage

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Comment by MLEWICKIMBAon Aug 13, 2023 7:20pm

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Post# 35586262

RE:Leverage

If they end this year fully diluted at 590m shares its fantastic given the warrants.

Once the debt is gone they can move to 100% return of capital.

If by 2024 EOY shares outstanding are 550m its fantastic as its a more focused business in 2024.

Before they refinanced they had 531m shares.

The larger than normal employee share program this year was driven by covod period stock incentives as they said.

The stock will go higher in the coming months.

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