Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 pppon May 10, 2019 11:24am
88 Views
Post# 29734333

RE:RE:RE:Anything to be excited about here?

RE:RE:RE:Anything to be excited about here?NCIB could be in the cards Talked to IR about that, and no problems. State ment below confirms it.

Financial resiliency:

 

  • Liquidity of $400-million (cash and available credit facilities);
  • Net debt of $263-million; 2019 net debt to funds flow of 1.2 times ($65 (U.S.) WTI (West Texas Intermediate)/$17.50 (U.S.) WCS (Western Canadian Select) differential).

 

2019 outlook 

Uniquely positioned for current market fundamentals:

 

  • Annual capital guidance remains unchanged at $95-million to $110-million;
  • Annual production guidance remains unchanged at 37,500 to 40,000 boe/d;
  • Funds flow forecast of $205-million; free cash flow of approximately $100-million ($65 (U.S.) WTI/$17.50 (U.S.) WCS differential);
  • Future flexibility to direct free cash flow to debt reduction, share buybacks or capital projects.

 

 
Bullboard Posts