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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Athabasca Oil Corp > going up up
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Comment by elduckyon Nov 23, 2021 6:03pm
226 Views
Post# 34159174

RE:RE:going up up

RE:RE:going up upIf oil is solidly at $100, ATH should be $5, with a bad multiple. If multiples got back to normal, it's $10. 

To get back to $18, ATH needs to see oil, futures curve, in the $120-$130 range, with the bad multiples. But you have to wonder, at that price, do we still see bad multples? 

ATH has the ability to double production, so it a very long sustained bull market, you can double all of these numbers, roughly. 
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