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 > Nuttall

<< Previous

Bullboard Posts

Next >>

Comment by Maxmoeon Jan 27, 2023 1:27pm

340 Views

Post# 35250534

RE:Nuttall

Andyfelter wrote: ATH first top pick. Could be $6.80 stock.

$6.80 and he's being conservative with his model. As he points out, that's $6.80 per share
That target is based on current shares outstanding. Simple math. If they fill the upcoming NCIB of 10% of shares o/s, and then follow on with say, another 10% in a SIB, they will shrink shares by 19%. Trust me that's the math, not 20%, due to counter compounding. So $6.80 in his model goes BOOM, it's $8.40. As Eric likes to say, I want to be the last one to own shares as they keep buying back shares when the market price is a small fraction of its value.

<< Previous

Bullboard Posts

Next >>

Golden Minerals closes Yoquivo gold-silver project sale