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.

TSX:ATH - Post by User

Athabasca Oil Corp > $57.00 WCS + $17.50 USD Differential = $74.50 + CAD premium

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Post by MLEWICKIMBAon Jun 15, 2023 6:54am

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Post# 35497512

$57.00 WCS + $17.50 USD Differential = $74.50 + CAD premium

of 4% over forcast means equivalent of $77.50 WTI which is $7.50 USD off their taget for cash flow and free cash flow over the 2023-2025 period.

So it is not that bad at this level for ATH.

Get the production back online and 39,000 BPD in late Q3 and Q4 and that will make up for the gap.

Stock undervalued based on momentum and balance sheet today.

Have a good rest of June.

ML

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