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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 newtonboyon Mar 26, 2024 11:45am
176 Views
Post# 35953097

RE:RBC

RE:RBC"Beyond this the company has approval at Corner for 40,000 bbl/d, which likely requires outside financing given a build cost in the range of $1B, with a cycle time of roughly four years from FID."- RBC

It amazes me the knowledge of some of these hack analysts pocess and freely comment on regarding schedule, finance and budgets of major construction projects such as Cornerstone. Both TD and RBC have downgraded their ratings at a time when ATH keeps knocking it out of the park. Keep an eye on these two asset firms to see if they increase their ATH holdings in the near future. 
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