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 > buybacks

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Comment by Maxmoeon Mar 30, 2023 7:17pm

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Post# 35370647

RE:RE:buybacks

BigJake wrote:
CarsT1 wrote: wonder if federal budget proposal to assess tax on share buybacks will cause companies to accelerate buybacks in 2023 before new rule takes effect in 2024, and will otherwise result in bgger cash dividend payouts by companies like ATH having positive excess cash flows.
GLTA

My opinion only but if buybacks make sense right now which I agree with, a 2% tax really won't make that much difference

I agree, and the double taxation on dividends is far worse than 2%. My concern however, is like all taxes, they just go up and up and up until the government changes. I haven't seen the fine print on the tax re whether ATH can use their $bazillion in tax losses to shield the 2%.

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