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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 cahclickon May 29, 2021 11:10am
248 Views
Post# 33292456

RE:Nuttall Details

RE:Nuttall Details

I'm having difficulty making sense of his numbers.
He says they could buy 10% of shares at current cashflow. Oil was +/- $67 yesterday as he spoke.
10% of 530,000,000 times $0.73 per share = +/- $39 million but in last line he says fcf at $70 oil = $274 million

I'm not sure of his definition of "current cashflow". . . current $67ish or current  hedged but too large of spread between $39 million and $274 million

What am I missing ?

jmo
glta


 



retiredcf wrote: So everyone can draw their own conclusions. GLTA

https://www.bnnbloomberg.ca/video/eric-nuttall-discusses-athabasca-oil~2211455
 

BUY
 
Athabasca Oil Sands Corp
(ATH-T)
May 28, 2021
 
Could buy up to 10% outstanding shares at current cashflow and pay 4-7% dividend. The issue for them is refinancing their note due February of next year at $450M USD. At $50 oil, they were generating $14M in free cashflow, at $70 it is $274M free cashflow which is 70% free cashflow yield. Remains one of the highest leverage to higher oil prices.
 
OIL/GAS
Eric Nuttall 
 
Price
$0.740
Owned
Yes


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