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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

Post by MLEWICKIMBAon Sep 01, 2023 11:51pm
412 Views
Post# 35617228

6 Dollar Catalysts for ATH

6 Dollar Catalysts for ATH 1. Buyback 150M CAD 2023 Goal being met in December 2023.

2. Deal closing in September 2023.

3. Elimination of debt in Q4 2023 -- complete elimination or a big chunk repaid.

4. Cash on hand of $150M CAD in December 2023. Depending on debt repayment amount paid.

5. Debottlenecking completion in Q4 2023. More focused production and lower cost Barrels   Forget about Alex on BNN. Let him stay with FRU.

6. December 2023 plan for 2024 -- Capex and expansion of production on existing assets or new partnership to initiate Corner. Hinted 

7. Further Asset Alignment -- possible divestment still to come.  


Price of oil helps all of these of course.

It's going to be an incredible fall.


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