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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 JrOGInvestoron Apr 07, 2024 1:43pm
396 Views
Post# 35975652

RE:Eric sold ATH

RE:Eric sold ATHIt's a mistake EN made in the past and, I believe, a mistake that'll be made again. At an average of 5.50 a share, Athabasca could trigger a SIB and purchase 50 million shares with the cash they have on hand and make them irrelevant. those that are jumping ship because nine point sold aren't seeing the basic facts: zero net debt / enough cash on hand to buy at least 10 percent of their own stock / break even is 45 dollars a barrel / generating a billion a year in revenue at 80 dollar oil / not paying taxes for 7 years / stay flat inventory for 90 plus years and we're in a bull market that could last a decade at least. 

What is not to love about ath?

GLTA.
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