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 > Anybody ?

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Comment by matt2018on Mar 14, 2024 4:52pm

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Post# 35933597

RE:RE:RE:RE:RE:Anybody ?

Many of the deals done in energy lately are with issuing more company stock and very little cash.
Just look at recent offer for ERF by american company CHRD.
Less than $2 is cash, the balance is shares in CHRD.
I agree CVE is trying to pay down debt and they have done that if you look where they were after the Conoco asset purchases.
But if they could show increased per share metrics by making an acquisition using shares they might do it, if the synergies are compelling.

Jimmy1page wrote: CVE took on a lot of debt when it bought out ConocoPhillips. Then an incredible amount of debt when it bought husky. Not sure they have the dough.

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