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 > Hold onto your hat because you can fill it with money soon

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Post by MLEWICKIMBAon Oct 19, 2023 11:58pm

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Post# 35692373

Hold onto your hat because you can fill it with money soon

Back to fundamentals

1. Cash on hand significant
2. Credit facilities in place
3. Costs under control
4. Hedging not required on 75% of sales
5. The other 25% in our favour
6. Warrants largely gone
7. Debt lowest in corporate history
8. Revenue 1.2B CAD minimum in 2023
9. Capex successful in 2023
10. All good assets now
11. S&P 200 listing
12. Share buybacks main stock price driver
13. Share buybacks progressing
14. Strong 2023 finish
15. Lots of 2024 opportunities for the business and shareholders in 2024.

4 60 is a fair price before earnings release in 14 days

Happy Friday

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