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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 filefishon Oct 08, 2021 8:22am
391 Views
Post# 33987686

Going forward

Going forwardAfter letting my boiling blood settle down, I am looking at what ATH might  do with the excess cash funds when the financing is completed. I figure they will have  $150mil in excess cash and that balance will be growing by about $12mil every month and even higher after the hedges expire in Dec. I am going to be really pissed if they sit on this cash like they did over the past few years. I think they should officially renew the NCIB and immediately start to buy back shares and offset the potential share dilution from the warrants. Then they should reward us shell shocked shareholders with a one time cash dividend. They can do this and stil lhave plenty of funds to excute a big increase in 2022 Capex . And damn it, if the new Notes start trading at disount, step in and buy them up. Maybe I am just dreaming or expect too much from this Management.  
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