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 > EOY 2023

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Comment by uwebb429on May 17, 2023 1:26pm

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Post# 35452826

RE:EOY 2023

If anyone was interested in taking ATH over, why would they wait for the price of oil to go back up? They wouldn't. It makes more sense for any possible buyout or take over to be happening right now while oil and ATH are cheap.

Your EOY price target looks about right if the price of oil goes back up like all of the experts are predicting. The WCS WTI differential has dropped from an average of $25 in Q1 down to $13 today. That extra cash flow will come in handy when ATH is buying back shares.

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