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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

Post by ManitobaCanuckon Oct 04, 2021 6:54pm
471 Views
Post# 33964922

Long Term Target

Long Term Target

Hedging at $75 WTI looks possible going forward.  The company will be out of debt by next June.  The share price will be over $2 by then.  A resonable dividend that starts after that of 25 cents  share will take the stock to $5. The biggest risk is being bought out cheap, #$%$ years from now it could be $10 a share with a 50 cent dividend. Really nice for a retirement plan or education fund.  Hold 50,000 in my RRSP and TFSA combined ,purchased at 25cents average. 

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