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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 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

Post by Moremoney4uon Nov 06, 2022 5:08am
604 Views
Post# 35076717

ATH WILL HAVE EPS, FCF, STELLAR RESULTS

ATH WILL HAVE EPS, FCF, STELLAR RESULTSYes, debt to be repaid, EPS, production, all looking very positive. ERIC holds a TON of stock, very reassuring. Target price of 5.50 $$$$ range. NICE. The new year will bring a DIVIDEND,  with buybacks. MGMT. is reducing their hedging program, as the price of OIL moves up , more funds will be generated. The volume has been increasing every week, FUND MGRS., are loading up, as are all the oil companies, TVE, HWX. BTE. MEG,ETC. moving up. Resistance at 3.00 but its going through that this week. LOAD UP THE TRUCK.
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