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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
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Comment by matt2018on Nov 21, 2019 9:57pm
128 Views
Post# 30380743

RE:RE:RE:RE:RE:RE:Unreal

RE:RE:RE:RE:RE:RE:UnrealThis is going to be a tough 4Qtr, no doubt.
The differential got blown out with Keystone issue,etc. but fortunately we have had some protection with hedges. 
The one positive of all this, is the company should be able to buy back 50M shares on the cheap (appr $20M) in Qtr1.  
If WTI can avg $60 for 2020 (thats a big if), ATH can have a great year with the new Keystone deal (more $ per bbl) and if they keep up the cost cutting.
Then they can chip away at the debt no problem.
No need for asset sales on the cheap.



Bullboard Posts
Dealroom for high-potential pre-IPO opportunities