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 > Dividend/Shorts

<< Previous

Bullboard Posts

Next >>

Comment by cahclickon Jul 24, 2024 12:26pm

195 Views

Post# 36146330

RE:Dividend/Shorts

I don't think they're ready for dividends just yet but that tool should be available by the end of Q3 once all warrants and debt are off the table.
I'd love to see a whopper special dividend to nuke the shorts but ATH's commitment to debt & NCIB is the best for keeping the company strong and building shareholder value over time. The result of the NCIB's will become very visible once the warrants are gone.
Short position has run 37 +/- 2 million for the last three years. They have definitely been a drag on share price but should dwindle as float starts dropping.

jmo

glt longs

go ath go