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 > Overvalued, undervalued, just right?

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Comment by ManitobaCanuckon Sep 23, 2021 2:52pm

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Post# 33908584

RE:Overvalued, undervalued, just right?

I have a qignificant ownership in Baytex as well. Their CEO is very responsive and in the limelight seekign investor attention . They have a new discovery at Clearwater which competes for capital with Eagle Ford ( their best asset) . The payback time for a well drilled in Clearwater is 2 months at current price. Its a good discovery and may add 10,000BPD in output and profits likewise with a low breakeven .

riski wrote: At the end of June we were $1.02 and now $0.87. -15%

At the same time, BTE was $2.40 and is now $3.10. +29%

The price of oil was about the same.

That's a 44% delta in performance. Was ATH overvalued back then, and now corrected? Or is it undervalued, perhaps limited by the refinance overhang? Or is it about right?

Or has BTE got away a little bit.

Macro wise, nothing is really that much different between late June and today.

I'm curious to hear some opinions.