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.

TSX:ATH - Post by User

Athabasca Oil Corp > BMO pegs Meg at $14 or 4 bill market cap then ATH 1/3 min

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Comment by ManitobaCanuckon Jun 22, 2021 12:38pm

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Post# 33427592

RE:RE:RE:BMO pegs Meg at $14 or 4 bill market cap then ATH 1/3 min

Yea, both ways the stock should be around 2$ for fair value

Rational43 wrote: You'd be better comparing Enterprise values, IE

Market Cap + Debt for the two companies.

Production is a proxy for value of the future cash flow, and Market Cap + Debt is what its current "valuation" is.

Interestingly, MEG and ATH both have about the same Debt as Market Cap (although both debts likely dropped from Q1 numbers)

MEG Enterprise value ~ $5.6B
ATH Enterprise value ~ 1.1B

Right now about a 5:1 ratio Enterprise value ratio between the two, and ~ 3:1 production ratio.