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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

Comment by OGInvest0ron Nov 21, 2023 10:17pm
148 Views
Post# 35747693

RE:RE:RE:RE:RE:RE:RE:Holding pattern

RE:RE:RE:RE:RE:RE:RE:Holding pattern Not to be an EN groupie tonight, but like he says over and over on BNN, if no one wants these oil company shares at ridiculous valuations like ATH at 5 PE then the companies should buy them up themselves. Eventually a rerating happens when the float decreases and EPS increases. So that's why patience and playing the long game are key right now. Believe me I have my bad days too. It's hard when you believe in what you invest in when others seem to not see the same thing. 
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