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

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Post by retiredcfon Sep 30, 2023 7:10am

321 Views

Post# 35663050

Nuttall Details

Less commercials than the previously posted link; second stock in the clip. GLTA

https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2777170

Athabasca Oil (ATH TSX)

Athabasca has 40 years of proven stay flat inventory, net cash on their balance sheet, exceptional leverage to a shrinking WCS differential, and is returning 75 per cent of free cashflow back to shareholders currently. Trading at a 20 per cent free cashflow yield at $90WTI we see the company retiring 15 per cent of their shares outstanding, with fair value = five times EV/CF = $6.60 at US$90WTI = 60 per cent potential upside.

TOP PICK

Athabasca Oil Sands Corp(ATH-T)

29/09/2023

Owns ~9.9% in fund.

Offers highest leverage to narrowing Canadian differential in oil price.

40 years of Proved Reserves.

Trading at 3x cash flow.

Expecting move to 75% return of capital.

Expecting a ~$6 share price.

Company is now debt free.

Oil / Gas

Eric Nuttall

$4.350