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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 18, 2019 11:21pm
108 Views
Post# 30471165

RE:RE:RE:RE:RE:RE:Reduce debt, improve rating, NCIB - $3 stock

RE:RE:RE:RE:RE:RE:Reduce debt, improve rating, NCIB - $3 stockEstevan, one of your holdings makes no sense when you compare to ATH interest payments.
TOG pays out $16.6M in divs per qtr alone! (more than ATH qtr int payments).
Then you also have the interest payments on TOG net debt of $370M to deal with.
All that for production of less than 25,000 bbls/day oil?



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