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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
Comment by Sjakkspillon Mar 08, 2019 7:15pm
177 Views
Post# 29464072

RE:Nutall

RE:NutallI’d really like to see a share buyback too but ATH is somewhat restricted to how much they can buy back as to the terms of the loan due in 2022. They are only permitted to spend 35 million on buybacks until then. Still though, at the current share price, it still amounts to around 40 million shares which is almost 8%. I think that Nuttall is right in saying that this is the company with most torque, given the share price, to higher oil prices. My figuring shows that $50 WTI and a differential under $20 makes everything fly. Unlike Q4, looking good today and surprising that it’s at the all time low. Especially given the cash they’re sitting but says something about how bearish the market is. I’m buying here keeping in mind what Buffet says, “the patient make money on the impatient” (along with a view that oil will stay at least over $50 on the average).
Bullboard Posts