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.

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Athabasca Oil Corp > $1 is the next target

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Comment by Nothingmatterson Jun 23, 2022 3:58pm

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Post# 34778357

RE:RE:$1 is the next target

Last week if i would have said 2.20, you wpuld have called me names... lets wait and watch...

MLEWICKIMBA wrote: Not likelly to happen. First of all for that to happen oil needs to be 60 bucks again. Do you think that is going to happen?

Athabasca Oil Corporatoion had $450M in debt. Got that down to $350Min from a new issue as you know. Since last fall has paid that down to $241M. Expect that to be $200M in a 30 days time or thereabouts.

Athabasca if they wanted to could issue new debt and retire any remaining debt. They could do that I think with better rates and even a longer term. Their partner Murphy Oil has much better coupon rates and longer terms. Do the researcch.

Athabasca is just getting going. Once they get to $175M Debt (soon) the stock will be rerated as they state in their presentation. Unlocking shareholder value.