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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 Feb 25, 2023 3:12am
587 Views
Post# 35304920

25% Jump in March coming on ATH Shares

25% Jump in March coming on ATH Shares1. Cash on hand is more than debt outstanding.

2. Remaining debt notes are  20% of annual revenue and only 2% cash outlay of annual revenue to service that debt.  Peanuts almost.  Can service semi annual debt interest with less than five days revenue / cash flow. Not due until October 2026.  

3. WTI will firm up and WCS has firned up and should comtinue to $15.00 in March. A little more than $16.00 now.

4. When April hits look for 4.00 plus on Ath as the return to shareholders starts.

5. Canada not likely to raise interest rates and if the USA does then we get it on the exchange even more.  Ath becomes cash cow in Q2, Q3 and Q4.  

6. Ath debottlenecking will unleash new production levels and we will gain cash flow on that.

Are you ready?  

ML 


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