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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
Post by TheMechanic2020on Dec 19, 2019 11:08am
200 Views
Post# 30472588

ATH can easily buy back 10% of shares and pay off debt

ATH can easily buy back 10% of shares and pay off debtATH can have its cake and eat it too. It's very possible to buy back 10% of shares and use the rest of their cash to pay off their debt. Buying back 10% of shares outstanding at 50 cents would only cost about $20 million. They'll still have about $235 million to make a huge dent in their debt. Also, WTI is above $61 right now, and if continues trending upwards in 2020 they'll have plenty of free cash flow next year to pay off their remaining debt. 
Bullboard Posts