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 > WCS Approaches 70 bucks USD

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Post by MLEWICKIMBAon Mar 19, 2024 8:59am

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Post# 35940084

WCS Approaches 70 bucks USD

ATH real value is 6 bucks today!

Debt should be retired next 180 days
Shares bought back at similar rate
Cash accumulated +400m by Q3 plus credit lines.

ATH could approach 45 to 50% of funds both cash and credit lines for every dollar of sales by EOY 2024.

ML

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