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.

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Athabasca Oil Corp

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Post by vwbusmanon Oct 07, 2024 7:29am

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Post# 36255657

CNQ Acquisition

Interesting how CNQ bought Chevron Canadian assets for 6.5 billion USD - increased their dividend but has regressed from 100% FCF to shareholders back to 60% FCF until they get back down to 10 billion. Timing wise, with lower WTI a month ago (when transaction was initiated) it may be a good deal.

Funny how the the company just could not sit on its hands with 100% FCF to shareholders. There is something about oil and M&A that just can't be separated for long.

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Osisko Development receives permits for Cariboo Gold Project