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 > Keep buying... Crescent point bought 30,0000bpd for 900 mill

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Comment by riskion Sep 27, 2021 2:36pm

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Post# 33924940

RE:Keep buying... Crescent point bought 30,0000bpd for 900 mill

This ignores ATH debt. That's why the share price is not $2.

Still, I think that same CPG/Shell deal would go for well over a billion at today's prices/sentiment.

bosstrade wrote: Crescent point bought Shells kaybob assets producing 30,000 bpd for 900 million based on $50 WTI. ATH has 34,000, more assets and we are at $75 WTI.
Sooooooo add another 225 mill foe 30,000 bpd. No charge for the extra 4000 bpd, its a bonus.
Thats $2 per share

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