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 > Momentum Starts Soon -- 6 buck share in 6M

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Post by MLEWICKIMBAon Jan 26, 2024 9:03am

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Post# 35846711

Momentum Starts Soon -- 6 buck share in 6M

1. Historically the best time to own energy stocks is February to July.

2. ATH will end current NCIB in two months. Should be 90% bought back.

3. ATH will renew NCIB which will get them back to 531M shares by EOY 2024. That is where they were when they refinanced. That should send the shares to 7 or 8 bucks.

4. Capex at LEISMER brings production to 28.25k bpd and this brings cost down by 5 bucks cad bpd. July 2024.

Expect 100m USD debt position in 6M.

Expect cash build to drive 2024 buybacks.

ML

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