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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TSX:ATH - Post Discussion

Athabasca Oil Corp > Strong close

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Post by dandu1924 on Jul 21, 2023 4:22pm

Strong close

ATH closed at $3.45, the future shinning. Next week , could be an another breakout.

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Comment by Stampeeder on Jul 21, 2023 5:48pm

They need some positive news in order for this to move. Management has promised to 'unlock shareholders value' with dividends etc. They need to deliver.

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Comment by MLEWICKIMBA on Jul 21, 2023 8:04pm

No dividend. If dividend stock price will fall. We want as per their presentation. 1. 150M CAD in stock repurchases this year 2. Debt reduction 3. Strong COH 1,2 and 3 means stock goes up and up because December 2023 budget for 2024 means 39k bpd and 200M CAD budget for stock repurchases and debt hitting $100M USD by EOY 2024. Hold shares until 5 bucks which should be February 2024 ...more

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Athabasca Oil Corp