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Bullboard - Stock Discussion Forum 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... see more

TSX:ATH - Post Discussion

Athabasca Oil Corp > Q3 Report
View:
Post by cahclick on Nov 08, 2021 8:36am

Q3 Report

I was re-reading the report last night and had missed this on first read. . .

"Strategic Outlook

Managing for Strong Free Cash Flow: Athabasca intends to maximize free cash flow while maintaining its production base. The Company forecasts >$600 million in Free Cash Flow (US$70 WTI & US$12.50 WCS differentials) during the 3year timeframe of 2022 – 2024."

Over $600 million in FCF for 2022 - 2024. That's about a $buck ten per share. Even a very conservative multiple applied to a $buck ten suggests a share price several times what we're at know.
Of course oil has to stay at or above US$70 but am I missing something ?
Seems like lots of runway to me.

jmo
glta
 
Comment by Maxmoe on Nov 08, 2021 8:52am
Runway, then we fly, again. I noticed shorts had huge cover last half of October. Close to 2 million covered. That might explain the basher activity pick up. They are running scared.
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