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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

Post by bullhorn3on Jul 27, 2023 10:07am
214 Views
Post# 35559390

ATH Quarterly Results

ATH Quarterly ResultsSadly, not nearly as encouraging as suggested by many posters here. In spite of all the touted bybacks, the share count is still high as insiders reward themselves for being such fantastic managers. Low WTI during the quarter certainly had the expected effect on profitability. If I remember correctly, earnings of 10 cents, i.e 40 annually, so P/E = $3.50/0.40 = 8.75 But the next quarterly results should be better since WTI has risen. Bank of America is predicting $90 WTI. Gear really go hammered by halving their monthly dividend, in spite of management loudly proclaiming since initiation that the rate would be adjusted each month.
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