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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 Maxmoeon Jul 27, 2023 10:32am
176 Views
Post# 35559463

RE:ATH Quarterly Results

RE:ATH Quarterly ResultsShow your math BShorn. The share count is up due to the debt refinancing warrants, not insiders rewarding themselves. Start with fully dilated share count instead of issued. There are still warrants outstanding to be exercised. Ive speculated those warrants have essentially been sold into the float already using the warrant/short offset trade. I'll concur that dividends are just plain pointless for a small cap or even mid cap energy producer. The commodity is just too volatile and the shares never seem to be helped by whether they have a dividend or not. Witness the 10% yielders that have not outperformed and the collapse if the dividend is ever cut. Gear should have just ripped off the bandaid and eliminated it and moved to the NCIB model like ath. When you get to cnq size, you can do both. 
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