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 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.

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Athabasca Oil Corp

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Comment by Sjakkspillon Mar 06, 2019 10:34pm

248 Views

Post# 29453323

RE:RE:RE:How do they have half billion loss?

Looks like the real loss for the quarter was 77 million when comparing with the balance sheet from Q3. Then we have 33 million more debt because of the weakening of the Canadian dollar since the debt is in USD. Tough quarter for sure but still with everything considered the company is only 83 million in debt and on pace to make 25-30 million this quarter if my figuring is right. Far cry from Pengrowth with about 700 million debt and about half the production. Going down tomorrow one would think but not like Pengrowth. If so, I’ll be trying to catch the bottom to buy.

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