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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Post by MLEWICKIMBAon Apr 20, 2023 11:09am
714 Views
Post# 35405260

Hedge Funds Taking Positions Before Oil 🛢 Price Run Up

Hedge Funds Taking Positions Before Oil 🛢 Price Run Up1. MAY 10 days away
2. Travel to skyrocket the next 4 months

ATH one of best positioned firms in the sector for 2023 and 2024.  

Predictions:

1. 30M shares redeemed next 12 months

2. Debt paid down to $125M USD -- surprised no announcement for $15M USD Debt Redemption -- still early as date is mid May.

3. 300M CAD cash on hand EOY2023

4. Warrants gone this year

5. August share price -- $4.75 

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