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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Comment by Maxmoeon Jul 24, 2023 8:25pm
212 Views
Post# 35555157

RE:My immediate target is 3.75 for this week.

RE:My immediate target is 3.75 for this week.
MLEWICKIMBA wrote: 1. 21 cents from 3.75

2.  3.75 is a fair price for ATH for executing in Q2 2023

3. Expectations for a huge Q3 2023 in terms of BPD Production, a tighter WCS Diff (although 16 today), higher average quarterly WTI price should drive Ath to 4 25 to 4 60 in the fall.

TAKEOVER in December 2023 of 5.25 to 5 50 a share is possible. Maybe 6.00 even.



I'm expecting disappointing q2 numbers, but I love surprises! Anybody reacting to q2 numbers is going to miss "last call" because I agree q3 is setting up to surprise on the upside. I'm also hoping/expecting some discussion and update with just the raw numbers. Production update and 2023 exit rate, debt repayment past and schedule, NCIB progress and plan for remainder of 2023, gigantic pay raises and bonuses for everyone buried deeper than any deposit they have. Etc etc. the old razzle dazzle to go with mediocre numbers. I just keep looking down the road, not what's about to hit my windshield. Duster and bashgang go splat. 
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