Bullboard - Stock Discussion Forum 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... see more

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Athabasca Oil Corp > Athabasca Oil Corporation Provides Operations Update

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Post by Betteryear2 on Jun 06, 2022 6:14am

Athabasca Oil Corporation Provides Operations Update

CALGARY, Alberta, June 06, 2022 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to provide a corporate update highlighted by strong operational performance at Leismer, a steadfast commitment to debt reduction and inclusion to Canada’s headline equity index.

Athabasca Oil Corporation Provides Operations Update, Further Debt Redemptions and Inclusion in the S&P TSX Composite Index

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Comment by cahclick on Jun 06, 2022 8:08am

Awesome update ! My quick math says they may pay off all debt this year if WTI stays where it is now as their projections in the update are based on $85 WTI and their report confirms each $5 change in WTI represents $45 an additional million to the bottom line. So even with existing hedges they are stacking sacks of cash :) Blue Sky baby, Blue Sky. glta

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Athabasca Oil Corp