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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 > Q2 2022 Results - after market close on July 27, 2022
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Post by MLEWICKIMBA on Jul 21, 2022 6:29pm

Q2 2022 Results - after market close on July 27, 2022

1. Confirmed 2. Maybe Ath will not pay down additional debt until October 2022 given the environment. 3. Each day $1M CAD is accrued in their bank account or thereabouts. 4. A one time payment of $65M USD is likely in October 2022. As Eric Nuttall says dont listen to the noise at leaat entirely. Good luck. Interesting times.
Comment by smallcaptdr on Jul 21, 2022 6:41pm
Let's hope that the markets are in a positive state and Oil is up but it's going to be sketchy that week. To bad that they didn't release Q2 Tuesday when Oil was at $104. Even the best crystal ball couldn't project what the 28th will be like. Plus the 27th is the FED's day of reckoning. It'll be too late to hold hands and sing kumbaya after the FED is done. Hope for the ...more  
Comment by MLEWICKIMBA on Jul 21, 2022 7:05pm
The SP will depend on a few things namely: 1 WTI recovering the interest rate hike as you state. 2. Cash balance and warrants 3 Further debt repayment if any 4. H2 2022 update / outlook 5. Path to share buybacks $2.45 revaluation is achievable $2.75 may come into play If WTI strengthens for any reason then higher. Is it possible to drift sideways and down a bit - Yes. However Athabasca Oil ...more  
Comment by pennydredful on Jul 21, 2022 8:19pm
They   should   be  buying   back  stock now   not   waiting   till  every penny   of   debt   is   repaided 
Comment by MLEWICKIMBA on Jul 21, 2022 8:39pm
According to their debt agreement they need to have $175M in debt outstanding before share buybacks can be declared to the regulator. $240M as of May 31, 2022 - $65M USD to go. Im not expecting any debt repayment until October 2022 but these guys always surprise. As early as January 1, 2023 share buybacks could start. Once that starts its a different firm for sure as it is now as well. A lot will ...more  
Comment by Jimmy1page on Jul 22, 2022 1:01am
Agreed
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