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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
Comment by auburn2on Dec 27, 2019 4:11pm
119 Views
Post# 30495277

RE:RE:RE:RE:RE:RE:Mr Estevan

RE:RE:RE:RE:RE:RE:Mr EstevanEstevan, as I've repeatedly told you, you don't understand the financials. Otherwise you could do as I have and hold a large ATH position and sleep just fine. LOW net debt. Look at the cash on the books. Look at cash generated from operations when you remove depreciation. Look at how little maintenance capital is required. Look at the restricted cash. It doesn't get much lower risk in a rising oil environment. Value is what you get from the price you pay. The market cap is STILL only $320 million. That's silly for a low net debt low-decline producer with 90 YEARS of 2P reserves worth after-tax discounted at 10% $4 billion using last year's price forecasts. The PROVED reserves are worth $2.4 billion discounted 10% using last year's price forecasts.

With low net debt that can be paid off in full, what do you think a fair market cap is? Maybe $2.4 biillion? That's almost EIGHT TIMES higher than the current share price!
Bullboard Posts