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 > $3.3M CAD Friday to Sunday in Cash Flow

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Post by MLEWICKIMBAon Oct 23, 2023 1:18am

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Post# 35695652

$3.3M CAD Friday to Sunday in Cash Flow

1. Lots of cash flow and free cash flow for stock redemption.

2. We are waiting for our update on November 1, 2024 in terms of cash on hand and share repurchase count # and $.

Talking to the broker yesterday -- As soon as TMX Line Fill begins re-rating will start on Canadian oil producers. If 15 is the low on WCS DIFF and 10 to 12 is the relative norm, it will translate into a 10% increase in revenues on average for all producers. Some higher.

50% to 75% of that money being returned to shareholders is of epic proportion. That will be regular plus the return of capotal we are getting now.

For ATH it means ALL METRICS IMPROVE FURTHER in 2024.

ML

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