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

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Post by cahclickon Jan 01, 2023 8:54am

582 Views

Post# 35198881

Happy New Year

Well, 2022 is now in the bag :)
ATH was making fcf right up to 11:59:59 last night - what a sweet business.

With the fcf made in Q4 and the cash on hand reported in Q3 report, you're basically looking at a debt free ATH going into 2023 - how sweet is that ?

2023 is going to be another exciting year !

Whether it's Special Dividends, Regular Dividends, NCIB, or Buyout, or a mixture, the future looks bright for longs !

All the best

jmo
glta