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 > Well over 1M CAD everyday in cash flow

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Comment by MLEWICKIMBAon Oct 28, 2023 1:18am

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Post# 35705402

RE:Well over 1M CAD everyday in cash flow

Current cash flow range of 850,000 to 1,500,000 CAD not reflected in sgare price. Because it goes to us now.

After Nov 1 rate decision the cash flow of ATH will start to be recognised and as TMX readies for line fill we will see a share price increase. Maybe a buck just like that.

The reality for Canadian heavy oil producers is a 10% increase in revenue when the pipeline flows.

For ATH I estimate $125,000,000 CAD in annual revenue. It means a base for share buybacks the next three years of 100M shares.

Hold tight.

Happy Halloween.

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