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Bullboard - Stock Discussion Forum 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... see more

TSX:ATH - Post Discussion

Athabasca Oil Corp > Now has a good balance sheet
View:
Post by Cheadle12 on Jul 07, 2023 12:35am

Now has a good balance sheet

Good assets.  Leismer is solid.  Hanginstone 'meh'  

This one is good and governance is acceptable.  Be careful with PIPESTONE energy as by all indicattions it could be taken to the glue factory aka PONY'd ONLY flushed down the PIPE!

ATH has cash and balance sheet is sound as a hound now.  Eric Nutal likes this one too and he owns it which is a good sign that funds like your stock.  Contrast with PIPE where Nutall got ouf of PIPE as he knew it would drop from inner rot.

Nutall in your stock is a good sign ATH.
Comment by EstevanOutsider on Jul 07, 2023 1:43am
Keep in mind that Eric Nuttall started selling Athabasca in Q1 and continued into Q2 per the latest institutional filings. He seems to be conscience of his reputation as someone who leaves retail holding the bag as exit liquidity so doesn't want to scar it further and doing it slowly this time. He's been adding to TAMARACK VALLEY. Also dumped Nuvista as natural gas is at risk of going to ...more  
Comment by MLEWICKIMBA on Jul 07, 2023 3:40am
As of June 30 ATH is still a top ten holding. You are wrong pal. Who invests in Ninepoint?? Retail Investors right. I would take 100 ENs any day of the week. Good luck.
Comment by filefish on Jul 07, 2023 7:14am
Estevan, when did you change your mind about ATH. I recall that you have been saying for years that their operations were mediocre at best and that ATH was destined for BK. As to Nuttall, it appears that his holdings have increased, not decreased. Per Morningstar Ninepoint holds 54mil shares at 5/31/23. up 7mil from the prior report.    
Comment by woodsmen on Jul 07, 2023 8:11am
Burning the midnight oil drunk posting again I see?   Lol. He was selling Q1 and continued Q2.  I couldn't care less what Nuttall does but keep it real man.  
Comment by Maxmoe on Jul 07, 2023 4:00pm
He wasn't selling. You're just making it up and/or have no idea what you're talking about. If the % of the fund goes down it doesn't mean he sold. The % of the fund is a mathematical formula that includes the $ value size of the fund as the denominator and the $value invested as the numerator. The numerator changes even for the months he doesn't sell because the stock price ...more  
Comment by MLEWICKIMBA on Jul 07, 2023 3:35am
Balance sheet best in Canadian mid caps Full Stop.  If you read the latest presentation the business has momentum as they have stated. By EOY 2023 which is your long I expect: 70% of share buyback target reached  Debt down to $150M USD -- lowest ever. 200M CAD om hand cash 2024 BPD range of 36500 to 38000
Comment by Maxmoe on Jul 07, 2023 3:44pm
Bad enough bashing pipe on the pipe board. Give us a break. 
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