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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 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... see more

TSX:ATH - Post Discussion

Athabasca Oil Corp > ATH WILL HAVE EPS, FCF, STELLAR RESULTS
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Post by Moremoney4u on Nov 06, 2022 5:08am

ATH WILL HAVE EPS, FCF, STELLAR RESULTS

Yes, debt to be repaid, EPS, production, all looking very positive. ERIC holds a TON of stock, very reassuring. Target price of 5.50 $$$$ range. NICE. The new year will bring a DIVIDEND,  with buybacks. MGMT. is reducing their hedging program, as the price of OIL moves up , more funds will be generated. The volume has been increasing every week, FUND MGRS., are loading up, as are all the oil companies, TVE, HWX. BTE. MEG,ETC. moving up. Resistance at 3.00 but its going through that this week. LOAD UP THE TRUCK.
Comment by MLEWICKIMBA on Nov 06, 2022 5:48am
They pretty clearly state buybacks versus dividends. But maybe both. I would prefer buybacks and debt elimination as that will kill two birds with one stone 50M shares redemption and 75M more in debt reduction, plus 450M CAD on hand 2023 EOY and this will be a $7.00 share Think about that....
Comment by cahclick on Nov 06, 2022 9:02am
AND, they will take full advantage of their tax loss carry forward. I agree that getting the debt down and share count down will protect the company from future headwinds and boost share price at the same time. In the short term, SPR releases coming to an end, the two plants that consume ATH oil that have been down for maintenance coming back on line, China hinting they're opening up ...more  
Comment by Moremoney4u on Nov 07, 2022 1:42am
OK, so ATH, will have STELLAR RESULTS, in the next QRT. The stock has NOT had any major break out , still trading a little above 6 months ago. THEY will and have reduced their DEBT. have had great earnings, EPS, ETC. yet it still sits under 3.00 $$$ . ERIC holds a TON of this, and is looking for 6.00 $$, thats a good sign of  faith. IT  has had a LARGE volume  traded recently. FUND ...more