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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
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Post by ManitobaCanuckon Feb 20, 2022 1:36pm
634 Views
Post# 34446389

Holding Cash

Holding CashJust happened to see Athabasca Oil, hoarding cash . Like they have $300 million of Liquidity at yearend, including ~$225 million cash .
Whats this being used for . Are they planning an expansion of Leismer or Hanginstone.
More investment to start Co gen to improve SOR/netbacks ?
 
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Dealroom for high-potential pre-IPO opportunities