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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 Deutz9170on Jul 31, 2023 3:53pm
164 Views
Post# 35565417

RE:RE:RE:business leader

RE:RE:RE:business leaderI don't believe that the share count argument is the main reason, why no buyout has been attempted.  Most energy producers are all strengthen  their balance sheets . Or returning value back to their shareholders .  The lean years are still very fresh in the minds, of management teams. Does anybody on this board want to see ATH, borrow a bunch of money to expand operations?  Look at the flak BTE recieved  for expanding their business. Keep in mind also, expanding is what companies like BTE are supposed to do. Suncor is in a mess with their shareholders. CVE just took.over Husky. Meg is trying to.pay down debt.  CNRL is returning capital.  ATH is to small.for them to takeover, maybe. And Imperial will always make sure they stay with imperlism. 
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