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 > Before Market Opening

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Comment by MLEWICKIMBAon Nov 01, 2023 12:12am

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Post# 35710562

RE:Before Market Opening

Maybe because of US Rate Decision today.

But I think the announcement today will show record cash flow and free cash flow and a balance sheet to be jealous of....

Debt to Asssets has improved significantly. In 2022 it was 23.1%.

It is now about 10% and by EOY 2023 it could be 9%.

As I mentioned before they only need about a week of cash flows to service the interest costs therefore debt is not an issue for ATH.

Let's hope for a 0.20 Cent day today and 0.38 Cents this week.

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