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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Post by MLEWICKIMBAon Nov 03, 2023 10:42am
209 Views
Post# 35715726

ATH Positioned Well

ATH Positioned Well1. $113M CAD in buybacks YTD

2. TARGET IS 150M CAD FOR 2023

3. Only $37M CAD REMAINING WHICH THEY HAVE ON HAND.

4. LITTLE CAPEX IF ANY LEFT FOR 2023

5. WCS DIFF WILL GET BETTER IN 4 WEEKS AS MAINTENANCE ENDS IN THE USA

6. TMX PIPELINE **WILL BE FINISHED**

HAPPY FRIDAY 

USA THANKSGIVING COMING HUGE DRAWS BEFORE FOR JET FUEL AND GOOD OLE GASOLINE 
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