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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 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.


TSX:ATH - Post by User

Comment by Maxmoeon Jan 22, 2025 2:58pm
62 Views
Post# 36415653

RE:RE:RE:Time to switch to a Veren position

RE:RE:RE:Time to switch to a Veren position Nothing wrong with owning more than one mid cap oil stock. I'd encourage it. But krappin on Ath isn't going to help your other oil stocks. But if you must, keep it to your veren board or you just pixx us all off. NVidia has outperformed intel for good reason. Ath has outperformed vrn for good reason. Same reason crescent point changed their name to veren. They have a disastrous history they'd like us all to forget. Maybe if they turfed the bod and mgmt team. What is vrn doing with all that free cash flow ? Buying back stock? Paying big divy? Massive drilling program to grow production ? Nope. None of the above. They've got squat.  They need to pay off debt. Like ath did years ago. Go Ath go. 
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