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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

Comment by matt2018on Mar 29, 2024 9:54am
215 Views
Post# 35959989

RE:Oil up almost 2%

RE:Oil up almost 2%BTE has 3 times the oil production of ATH (plus the NGL & Nat Gas).
It has torque to do well with high oil prices (and even better if NG prices move higher as well).
The balance sheet ($2.5B debt) comes more into focus when lower oil prices could make things difficult.. 
ATH right now, is a more conservative play.  The $185M capex for 2024 maintains production.
Lots of FCF to come from that if oil price even holds just here.
Some growth looks like its going to come over time from the JV (production expected to double by 2025) and some more from Hangingstone in 2025.
I think it is best suited up for a sale for 2025.  With the clean balance sheet, the 1B+ bls reserves, the low royalty structure, the $2.8B in tax pools, etc.
If it comes to that, they could buy out the minority Duvernay stake from CVE and spin that out to ATH shareholders as part of a potential sale.

Just my opinion, pure speculation.








Jimmy1page wrote: Look at Baytex. We have a much better balance sheet and one analyst is able to stop our rush dead?? . That's nuts.


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