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 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.

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Athabasca Oil Corp

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Comment by bosstradeon Jan 09, 2020 7:49am

131 Views

Post# 30533579

RE:RE:RE:RE:NCIB

I believe there will be some purchase of shares immediately. They have to prop up the stock and realize that it is incredibly low. Matt Taylor shares are well over a $1.
Also i belive they will buy back debt. They are waiting like the entire industry for transmountain news. The day that the ruling on transmountain is announced, if positive, will lead to easy refinancing of debt with 40,000 bpd allotment at world prices. At this point options to use cash to increase production, buy back shares ect will be a hay day.
So for these reasons I see some sort of share purchases immediately and a buyout on the horizon

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