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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.

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Athabasca Oil Corp > Nuttal on market call tomorrow

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Comment by riskion Apr 01, 2024 5:01pm

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Post# 35963698

RE:RE:Nuttal on market call tomorrow

It's just math and finance guys are fluent with numbers.

Why continue to own a company that is generating 7% FCF yield when there are other companies available that are generating more than 3x that FCF. The valuation of ATH would suggest that the more undervalued companies should be three baggers.

ATH is a great company with great assets and a pristine balance sheet...and fully valued for all of that. Nuttall doesn't make millions of dollars buy sitting on a stock that has already had an epic run relative to peers only to watch the undervalued peers have their epic run a few months later and miss out.

Follow the money.

uwebb429 wrote: Not much to say. Ninepoint Partners has been unloading shares since the beginning of the year. I think they sold 11 million shares in January and another 20 million in February. Eric must think that ATH is fully valued and they can find a greater rate of return by investing elsewhere. This one company has made his followers rich so not surprised to see him cash in and book a big profit for the Energy Fund.

Starting to sell in January does not look like it was a great idea but maybe what he bought has done better or will do better this year.

https://stockhouse.com/companies/ownership?symbol=t.ath

At the end of February, ATH had moved down to 10th spot in the Ninepoint Energy Fund.

https://www.morningstar.ca/ca/report/fund/portfolio.aspx?t=0P000075KO

https://twitter.com/emmpeethree/status/1766133201301590448