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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

Post by CJInvestoron May 24, 2024 9:19am
260 Views
Post# 36055543

Help me understand buybacks

Help me understand buybacks Aren't buybacks supposed to reduce volatility in a stock? Ath is down more than most of its peers in the last couple of months yet had an agresssive buyback program in place and almost no debt. If shareholders are not seeing any benefit of this program aren't dividends better and more tangible for return to us? What do others think of this strategy and why things are going so wrong for Ath of late?
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