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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 Maxmoeon Mar 14, 2023 9:37pm
394 Views
Post# 35338822

NCIB

NCIB I like the the discipline of using cash to buy back stock when the market is valuing the stock so cheap it’s a better allocation of capital than buying another company or buying assets that are valued much higher than our own. If cash just piles up you just know, eventually, they will blow the wad on something reckless. So why not give it to us shareholders to let us blow it on something reckless? Like buy more Ath. If they buy back 10%, it's the mathematical equivalent of me increasing my ownership by 10% if I just stay long. It's algebraicly a little over 10%, but why quibble.
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