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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

Comment by matt2018on May 10, 2023 10:15pm
164 Views
Post# 35442270

RE:Return of Capital Commitment

RE:Return of Capital CommitmentIts all about the price of Oil going forward and the differential (which is already much improved).
The company is now in a great position to capitalize if they get favorable pricing.

They have done their job, but the Oil pricing fundamentals are out of their control.  
Key line for me in this report.....


"WCS differentials have tightened significantly to ~US$15 currently compared with US$24.77 in the first quarter."

Heavy producer unlikely to have a blowout QTR with that kind of brutal differential.
Price of Oil was not that good either.
Thinking of it this way, if there is a pullback, they purchase more shares with less funds.
If you are in this for the long term, then that should not bother you.
They bought more shares than I thought (in a short period of time) and paid off some debt as well.
I have no problem with cash balance decrease if debt decreases and buybacks accelerate.








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