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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

Comment by Kika2016on Feb 04, 2021 6:02pm
191 Views
Post# 32479562

RE:Happy for Athabasca holders but...

RE:Happy for Athabasca holders but...At current WCS price the Market Cap should be more like 400M with the FCF it would be generating at these prices.

Also, there is a high probability that ATH will monetize either Montley/Duvernay play. That will generate massive Cash Position. 

The other factor is renewal of corporate bonds. If WTI remains in the 53-60 rance for few months, ATH should be able to renew the corporate bonds for longer term much lower than the current interest rate of over 10%

If all of the above happens this would be more like >800M market cap

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