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 > Go forward plan suggestion

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Comment by MLEWICKIMBAon Sep 19, 2023 8:16am

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Post# 35642923

RE:RE:RE:RE:Go forward plan suggestion

1. Price of the stock
2. Finishing their CAPEX expenses in Q3 -- 60M CAD est.

Money doesn't grow on trees.

They said 75% of free cash flow goes to us last week.

I don't think many assets for sale unless it's an acquisition of a pier or a merger. At this stage merger possible but WHY?

THEY WILL SURPRISE IN OCTOBER WITH DEBT, Q3 EARNINGS ON NOV 1, 2023 AND I DUSPECT THE FOLLOWING

I SUSPECT THE 2024 BUDGET WILL BE UP TO 100M FOR CAPEX TO ADD 5K BPD.

But at these prices they can afford.

MAYBE THE DESJARDINS GUY IS A LOON!!!

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