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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
Bullboard Posts
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(241)
•••
Comment by matt2018on Feb 21, 2020 9:22am
81 Views
Post# 30716930

RE:RE:RE:RE:RE:RE:RE:RE:RE:House 053 Morgan Stanley

RE:RE:RE:RE:RE:RE:RE:RE:RE:House 053 Morgan Stanleyit's like groundhog day on this board.... the more things change,, the more they stay the same.
It's all about price of Oil, what is so difficult to understand.
If it's below their break even (INCLUDING BUDGETED CAPEX), then you need your cash to keep it funded or your production caves.
It's more costly later (if you let that happen) to crank it back up again.
The buybacks will happen when they are in FREE cash flow.
That has been their position all along.
You want to blame thing for things like the high salaries/compensation (if you believe they are) that's one thing but the price of WTI, WCS, Pipeline delays, etc., it is out of their control.

Bullboard Posts
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