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 > Re ATH

<< Previous

Bullboard Posts

Next >>

Comment by Maxmoeon Mar 19, 2022 12:28am

377 Views

Post# 34527380

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

Easy there old fella. Don't focus on earnings/eps and P/E ratios exclusively. Ath had some huge asset write downs that show as big hits to earnings and then in 2021 there was a huge reversal of those same write downs that show up as a huge jump in earnings. Neither the write down, nor the reversal impact cash flow. Don't forget to compare using cash flow multiples or maybe the "operating earnings" line. Still tremendous value, but keep it real

geezer21 wrote:
"I believe ATH's p/e will increase in line with the rest as soon as they ditch the debt."

There is bad debt and good debt. Good debt is when the debt is earning more than what it costs.
ATH has good debt. It is making us money.

ATH's 2.6 p/e is 7 places off from the top p/e performers in the industry out of 32 oil companies I did a spread sheet on fundamentals as of 11 March.

You can get the fundamentals from your on-line broker and some from TMX.