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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

Bullboard Posts
Post by onedayyyyyyyyon Jun 26, 2017 11:36am
166 Views
Post# 26405099

oh oh

oh oh

Analyst Actions: Athabasca Oil Cut to Underperform by BMO Capital

MT Newswires

09:41 AM EDT, 06/26/2017 (MT Newswires) -- Athabasca Oil (ATH.TO) has been downgraded to underperform from market perform by BMO Capital.

BMO believes there is a low probability of the company being able to maintain its operations should commodity prices slide any further. The company is essentially operating at its break even and there are seemingly no immediate options to improve its financial position. Comfort previously provided by Athabasca's cash is dissipating, which may lead to structural changes in the short to medium term.

BMO increased its EPS forecast to $(0.14) for 2017 while cutting its 2018 estimate to $(0.09). 

 


Bullboard Posts