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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 newtonboyon Jul 20, 2023 4:01pm
163 Views
Post# 35550352

RE:We've moved up.

RE:We've moved up. ATH has been very good to me.  Nothing wrong with share buy backs as long as management treats it as such and do not contiue to reward themselves with too many free shares in terms of options, performance bonuses et el. I also am curious as to why they don't pay off the debt completely with the on hand cash and be done with it.  Must be a very substantial cash penalty to do so by the banks but I know I certainly would do so in order to add more shareholder value. Share buybacks with no debt.
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