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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 Mindseton Oct 25, 2021 1:13pm
286 Views
Post# 34045822

Wake Up!

Wake Up!Management is tone deaf and overly cautious.  Current shareholders bought this name for torque, and at a time when it was left for dead.  If we wanted safety we would buy CNQ or SU. 

Managment is playing the wrong ballgame to maximize shareholder returns, and instead is focused on longevity and their jobs, since they don't have any skin in the game.

They have a long reserve life, low cost operations, and just signed 5 year term debt.  They should be trying to hit doubles and triples at this point.  I agree with getting to zero net debt, and hedging 25% of output but 75% is ridiculous. 

Hopefully we will hear more next week, but they need to emphasize an aggressive focus to maximizing return capital to shareholders, ideally through NCIBs and SIBs.  I reserve finally judgement till then.

       

 
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