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 > Technical Analysis

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Comment by MLEWICKIMBAon Jun 27, 2023 8:21am

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Post# 35515836

RE:Technical Analysis

Q1 is gone -- nonsense.

Q2 is now and it is better than Q1 although wildfires and maintenance will effect Q2.

However my guess is that after May maintenance ATH pushed hard on output. Especially for the last two months of June and for the upcoming month of July.

2H for ATH means higher output and increased cash flow overall allowing two things to happen.

1. Share buybacks
2 Further debt repayment
3. Cash on hand being kept at a good level

This year's CAPEX creates 37000 to 38000 bpd for 2024.

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