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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Energy Oil & Gas E&P
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

Athabasca Oil Corp
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Post by MLEWICKIMBAon Aug 01, 2023 11:59am
244 Views
Post# 35567009

The ATH Management Message to the Market

The ATH Management Message to the Market1. We don't have a debt problem any more because we do not have any net debt in 60 days AT ALL.

2. We will have the money in the bank to increase CAP-EX in 2024 to increase production to 40,000 BPD.  

3. We have the cash to execute our planned $150M CAD share buyback budget in 2023.

4. We will pay down the remaining debt as we choose and not like before where the debt holders ruled.

5. If you short our stock you doing so only based on the WTI price and not on our business.


THIS STOCK is HUGELY UNDERVALUED.

Wait until EN Comments on this.

ML
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