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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 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

Comment by OGInvest0ron Aug 12, 2023 8:13am
164 Views
Post# 35585119

RE:Stable Oil Prices Brings Revaluation in Q3.

RE:Stable Oil Prices Brings Revaluation in Q3.That is a very fair and exciting analysis. Playing Devils Advocate if Ath is this poised to be a takeover target with 570 estimated target,  why is the sp still so low? If a takeover is the worst kept secret on Bay Street then wouldn't investors be pouring in and we would be at 4.50 now which is the true value of the stock at todays oil prices? 
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