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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 Aug 06, 2023 9:13pm
238 Views
Post# 35575701

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

RE:RE:RE:RE:RE:RE:RE:RE:Positioned for record cash flow -- room to run
filefish wrote: 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.

I've noticed the same tendency and have attempted to get an explanation from broen and Taylor. I was so riled up a couple years ago I told broen I'd come out of retirement and fix his balance sheet within months if Matt is the roadblock. LOL. They did both confirm that they'd love nothing more than to call a meeting with their bankers at ATH headquarters and tell them YOU'RE FIRED. So I believe them when they insist they also look forward to eventually being debt free. I did get an invite to attend that meeting should it ever occur. 
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