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.

TSX:ATH - Post by User

Athabasca Oil Corp

<< Previous

Bullboard Posts

Next >>

Post by BullMan123on Dec 17, 2021 2:04pm

452 Views

Post# 34241524

Implied valuation of ATH using CVE's Tucker sales tag

At Cenovus' Tucker sales metric ($40,000 per flowing or just over 5x cash flow), ATH's Leismer/Hangingstone assets, assuming no value for its Duvernay/Montney assets, would be worth $1.70-2.00/share net of debt.

<< Previous

Bullboard Posts

Next >>

Investors eye Australian gold mining projects amid promising developments