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 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.

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Athabasca Oil Corp > Positioned for record cash flow -- room to run

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Comment by filefishon Aug 06, 2023 1:52pm

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Post# 35575474

RE:RE:RE:RE:RE:RE:RE:Positioned for record cash flow -- room to run

You would think that logically ATH would pay off the term loan in full. However my bet is that they don't. They have had a history since the beginning of sitting on excess cash. Never got a satisfactory answer why. I do think that using the sale proceeds for share buybacks is the best use now, but as a long term holder, I sure would feel vindicated if ATH reported ZERO debt on its year end balance sheet.

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