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 > Nutall logic, MEG vs. ATH

<< Previous

Bullboard Posts

Next >>

Comment by filefishon Jan 28, 2022 3:08pm

200 Views

Post# 34372677

RE:Nutall logic, MEG vs. ATH

Nuttall's stated investment strategy for 2022 is to buy Canoils on the cusp of returning CF to shareholders. ATH is still about a year away from doing that. Add to the fact that they are hording lots of cash on the balance sheet at a time when it really is not necessary to.
MEG on the other hand is maybe 6 months away from its debt target and stated goal of returning CF to shareholders. ATH stock was able to hold up reasonably well in the face of the 32mil share disposition by Ninepoint. 1.20 should be a good price support base.

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant