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 > Oil up almost 2%

<< Previous

Bullboard Posts

Next >>

Comment by cahclickon Mar 29, 2024 3:25pm

233 Views

Post# 35960433

RE:RE:RE:Oil up almost 2%

lnggasfor202324 wrote: They also have a boat load of debt to go with it. I'm sure Athabaska can go out and borrow money like drunken sailors and go buy up production to, then go take about a $600,000,000.00 writedown. lol....

So far at least, ATH has shown no appetite for taking on debt and I think it's been their secret sauce for share price appreciation !

One thing that made my eyes water about the RBC article suggesting ATH needs a $billion for expansion - ATH has fcf of a third of a $billion per year at current oil prices so they can self fund if they decide expansion is worthwhile. That was simply a cheap slam by RBC.

ATH can run their 100% fcf NCIB for another year or two until they get their o/s share count down then self-fund expansion without ever taking on debt if they think expansion is meaningful to their bottom line.

just my two cents worth

go ATH go