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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 Chris007on Jul 09, 2021 11:11am
185 Views
Post# 33521117

RE:RE:RE:RE:Eric Nuttall ,Nine Point still holding ATH

RE:RE:RE:RE:Eric Nuttall ,Nine Point still holding ATHIndeed, using an EV/CF multiple of 4 against the companies unhedged cash flow potential he came up with a target price of 1.91 @ 70WTI

https://twitter.com/ericnuttall/status/1352646378120499205/photo/1

Since then, the company has managed to slightly lower operating breakeven to $43, from $45...so if anything, unhedged cash flow should be even higher than the numbers used by Nuttall Jan 2021

Whether we ever reach the price targets will probably largely depend on generalists reutrning, if and when that ever happens. Canadian energy, whether small, mid or large cap have all had decent runs after bottoming out early last year, but all remain significantly undervalued, especially in comparison to US peers. 

That being said, this isn't just a Canadian story, basically asides from the US, most energy stocks world wide seem to be having tough time in general, especially the European ones, which are even more undervalued than Canada.


ComradeKomissar wrote: His thesis is for ATH to be at $1.90 at $70WTI. That's the floor. ATH has some staying power until WTI hits $100


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