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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 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

Post by MLEWICKIMBAon Dec 14, 2023 1:34am
250 Views
Post# 35783727

No Dividend Ever

No Dividend Ever1. It will hurt the stock price

2. Any dividend outlay takes away from capex, buybacks, debt reduction 

3. If you want or we want a six dollar stock no dividend can be paid for the foreseeable future.

If you own ATH:

You want the following;

1. 28k plus Leismer production at 5 bucks a barrel cheaper perfect for TMX flow.

2. 500m cash flow, 175m capex, 325m free cash flow 

3. 325m free cash flow means this.

*** shares go down in 2024 by 40m more
*** DEBT goes down to $125m usd next year
*** Cash on hand -- 400m cad approx at year end.

Then I expect a $100M SIB if oil $85 and diff $12

Oil price obviously important 


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