Bullboard - Stock Discussion Forum 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... see more

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Athabasca Oil Corp > Impairment reversal coming?

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Post by filefish on Jul 27, 2021 6:05pm

Impairment reversal coming?

Tamarack Valley booked a $300mil asset impairment reversal in Q2. This sure made their quarterly income statement and balance sheet look better. Wonder if we might see more of this in the upcoming reports. ATH certainly has good reason to revalue Hangingstone now.

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Comment by Chris007 on Jul 27, 2021 6:53pm

All those acquisitions that TVE made in the first half of the year, sure make the Q2 financials convoluted. Net income and Adjusted Funds Flows per share calculated against weighted average shares for EPS 0.67 and Adjusted Funds Flow per share of 0.21 Weighted average shares outstanding (thousands) - Diluted of 341,935 https://www.tamarackvalley.ca/wp-content/uploads/2021/07/2021-Q2 ...more

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Athabasca Oil Corp