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 > Look at the fair value

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Comment by Maxmoeon Jun 15, 2021 7:56pm

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Post# 33393290

RE:RE:RE:RE:Look at the fair value

My estimate remains a $300 reversal of the prior write offs. Aka write up. Write up in NAV and book value, and reported earnings. It's only accounting just like the write off was, but it does reflect an improvement in the borrowing base. PLUS, the bonds are $USD so there will be, by my estimate, $40 million improvement in the $cdn cost of debt vs a year ago. So easier to pay off the $usd debt now vs a year ago.

filefish wrote: There is a good possibility of ATH's net asset value on the books being re-written upward if oil prices stay above $65 for some time.. This alone will give the stock a re-rate. Look forward to seeing a done deal with the refi very soon.

Chris007 wrote: Thats why cash flow provides a much more accurate picture when comparing these companies...plenty of non-cash items included in accounting profits. Most notably, those huge asset write downs when oil initially tanked, last year in march.

Obviously TTM p/e is going to look f ucked

Nothingmatters wrote: Misprices****

Nothingmatters wrote: Suncor currently has a p/e of 1400.. OBE 134... For NVA it is 1 and Ath is -2.34 Sometimes market mispriced things. But it does not take much time to correct them when the time comes. It is my opinion only.