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

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Post by cahclickon Nov 05, 2021 9:25am

203 Views

Post# 34091162

Zero to Hero

Just think, only 12 months ago, ATH was on the precipice of doom.
Oil was in the low $40's, refinancing seemed unlikely, share price was dropping like a rock and sentiment was caustic.

Zoom forward 12 months, refinancing is in the bag, oil is in the $80's, the biggest O&G fund manager holds 10% of the float, ATH is generating gobs of FCF, debt will be eliminated by 2023, guidance is for increased production, and sentiment is as good as it gets.

It just doesn't get any better.

all jmo

glta