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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

Post by MLEWICKIMBAon Jul 20, 2022 2:09am
227 Views
Post# 34836211

Financial Position good and improving

Financial Position good and improving 1. 240M USD out of their October 2021 Debt Issue remains unpaid - notes are due in 2026. 2. 190M CAD cash on hand as of May 31, 2022 3. 160M CAD LOC and Facility for LCs 4. Low Net Debt of $120M Pretty low leverage firm. Important to have your numbers straight and not make things up! Another financial consideration to make is Athabasca not paying income tax for a long time.
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