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.

TSX:ATH - Post by User

Athabasca Oil Corp > Go forward plan suggestion

<< Previous

Bullboard Posts

Next >>

Comment by Maxmoeon Sep 19, 2023 10:16am

150 Views

Post# 35643204

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

Could be they are budgeting the buy back as a $$$ amount, not the share count. So when the stock goes from 3 to 4, if they were buying say 100,000 shares per day at $3, maybe now they're doing 75,000 per day at $4 = $300,000 ?? Just a guess, I haven't looked at the math. They also have preferential windows for debt pay downs and cash free warrant exercises I think. Ask Matt, the cfo, not yourself. Lol. Let us know if he replies.

<< Previous

Bullboard Posts

Next >>

Investors eye Australian gold mining projects amid promising developments