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 > Leverage

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Comment by matt2018on Aug 14, 2023 9:30am

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Post# 35586754

RE:RE:RE:Leverage

Agree with your strategy filefish.
With a coupon rate of 9.75% till 2026, make it a priority to pay off debt in full.
Not many energy companies with market cap in the billions have no debt.
Then go full throttle on the NCIB with 100% of free cash flow.
Once you get the share count under 500M, switch 50% of FCF to dividends and keep buying shares with the other 50%.

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