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 retiredcfon Apr 18, 2023 6:44am

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Post# 35399899

Ink Research

Insiders buy the Athabasca Oil share price dip

Heavy oil producer Athabasca Oil Corp. is up more than 50 per cent over the past year, and insiders appear to be betting the momentum can continue. For 2023, Athabasca Oil expects to produce 34,500 to 36,000 barrels of oil equivalent per day, about 30,000 being heavy oil. It also plans to allocate at least 75 per cent of excess cash flow to shareholders with share buybacks being its preferred vehicle. When the stock dipped below $3.00 last month, three insiders spent a combined $194,826 buying shares in the public market.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section atwww.inkresearch.com.