ATH # 1 performer 2023 Energy equities – 2023 year in review – Athabasca Oil Corporation was top performer in 2023 – BOE Intel
#1 Performer for 2023 – Athabasca Oil (ATH.to)
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The number one performer on the year was Athabasca with a stock price increase of ~73%. The company continued its impressive run off of its 2020 lows and was by far the top performer in 2023. While overall corporate volumes on a BOE/d basis haven’t shown much growth (although the company has sold some volumes), Athabasca recently hit 6+ year highs in terms of oil production as Leismer pad L8M ramps up. The company has also managed to eliminate its net debt position (Figure 2) over the last few years with commodity price improvement and asset sales, and recently formed a new D