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.

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Athabasca Oil Corp > ATH vs BTE

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Comment by matt2018on Jan 22, 2024 2:35pm

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Post# 35839414

RE:RE:RE:ATH vs BTE

from the TVE Q3 2023 report.....

Net debt (1)

(1,128,030)

Dibah420 wrote:
matt2018 wrote: another name i read thrown around here is TVE
How are they able to pay $84M/yr in divs with net debt balance of $1.128 BILLION ?
Shareholders claim the assets are quality. Not doubting this, I havent looked at them but by the time they get this debt down to just $1 BILLION, ATH could be net cash $500M+

"net debt balance of $1.128 BILLION ?"

That's no longer the number as of end of Q3.