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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Athabasca Oil Corp
Bullboard Posts
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(241)
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Comment by matt2018on Nov 20, 2019 9:52pm
86 Views
Post# 30376506

RE:RE:RE:RE:Light vs Heavy

RE:RE:RE:RE:Light vs Heavyestevan..... lets talk about the 2019 numbers on the Light Oil Division.(2018 irrelevant)
Q1 - Q3 Operating Income $78.7M, Cap Exp net Cap/Carry $27.8M
Q4 Operating Income $21.8M, Cap Exp net Cap/Carry $14.1M

How is this not profitable?


Bullboard Posts
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