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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 27, 2021 6:53pm
254 Views
Post# 33614390

RE:Impairment reversal coming?

RE:Impairment reversal coming?All those acquisitions that TVE made in the first half of the year, sure make the Q2 financials convoluted.

Net income and Adjusted Funds Flows per share calculated against weighted average shares for EPS 0.67 and Adjusted Funds Flow per share of 0.21

Weighted average shares outstanding (thousands) - Diluted of 341,935

https://www.tamarackvalley.ca/wp-content/uploads/2021/07/2021-Q2-Results-FINAL2.pdf

Digging into the financial results

Shares outstanding as at June 30, 2021 stand at 406,041,000

page 18

https://www.tamarackvalley.ca/wp-content/uploads/2021/07/Q2-2021-Financials-FINAL-COMBINED.pdf

filefish wrote: Tamarack Valley booked a $300mil asset impairment reversal in Q2. This sure made their quarterly income statement and balance sheet look better. Wonder if we might see more of this in the upcoming reports. ATH  certainly has good reason to revalue Hangingstone now.


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