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 > Going Forward -- Stock Undervalued

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Post by MLEWICKIMBAon Aug 15, 2023 2:51am

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Post# 35588362

Going Forward -- Stock Undervalued

In 2020 Ath used to pay almost 10% on close to $600M CAD in debt every year -- $60,000,00

Soon if they choose that number turns to ZERO.

$60,000,000 BUYS BACK A LOT OF SHARES.

OF COURSE ITS MUCH LESS ALREADY AS THEY HAVE BEEN WORKING ON PAYING DOWN THEIR DEBT.

But the point is Ath is a different enterprise in 45 days.

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