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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

Comment by matt2018on Dec 21, 2023 2:46pm
185 Views
Post# 35796253

RE:Joint Venture

RE:Joint Venture

I believe they will do an IPO for the whole JV somewhere down the road, once they get production up to say 5k b/d and can get a valuation around $350M to $400M (maybe more depending on the operating netback & free cash flow this JV earns).
Then anybody can buy shares directly in this and 70% of the proceeds go into ATH coffers (after lucarative bonusses are paid out).
Its simple really, the more Cash they can accumualte, the higher the enterprise value goes and stock price has nowhere to go but up over time (if oil price can hold $75 to $85 and these incompetants finally finish the TMX).

my opinion only, do your own research.
 

 

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