Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

Comment by Binkieon Mar 18, 2022 3:19pm
229 Views
Post# 34526401

RE:RE:RE:RE:RE:Re ATH

RE:RE:RE:RE:RE:Re ATH

They will likely highlight the progress towards the debt goal in the Q1 NR as it is a posted objective. With the excess cash from commodity prices being higher than modeled in the target, they should  be ahead of projections and hopefully they would be inclined to highlight it, although they specified previously H2 guidance on return of capital programs which are triggered by achieving goals to target debt reduction. I'm not sure any of their peer companies post monthly debt reduction updates so I'm not expecting that.

Couple weeks and Q1 is over. I think expectations grow in the interim for posting absolutely great results - likely FFO of around100m, and the subsequent market appreciaion of the tremendous value opportunity. The uncertainty,imho, lies in how much love do we get as the entire sector will also be reporting amazing results. If they could announce the return of capital strategy early, I think it would elevate them as an investment destination over others in the sector- but I'm not holding my breathe. 

<< Previous
Bullboard Posts
Next >>