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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 Dec 04, 2019 12:47pm
80 Views
Post# 30421503

RE:RE:RE:RE:Very good article

RE:RE:RE:RE:Very good articleI dont believe HSE will take another run at MEG as they learned the first time the market does not like that deal for them and their share price cratered.
HSE stock price was higher then than what it is now and they cant afford to let the stock price tank again or LKS will turf management out the door.
MEG assets are great and their costs are really good but that $3.257B debt is difficult to manage except maybe for SU or CNQ but I believe fthose guys are done buying for now.
ATH net debt about $3.0B less than MEG.
Smaller operation than MEG, higher break evens but much much easier to swallow.
HSE wouldnt even feel it too much and would be accreditive instantly.



Bullboard Posts
Dealroom for high-potential pre-IPO opportunities