Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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

Athabasca Oil Corp > Sold my ATH @ 4.40 and bought BTE at 4.00

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Comment by matt2018on Jan 22, 2024 11:08am

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Post# 35838936

RE:RE:Sold my ATH @ 4.40 and bought BTE at 4.00

ATH net cash $155M
BTE net debt $2.824 BILLION

If you are going to own energy company with billions in debt then why not own the very best, the top guns like SU, CVE, CNQ with huge upside torque to higher oil price.
At the very least, some also have refinery profits from diversified assets, even in a lower oil price cycle.

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