Athabasca Oil Corp T.ATH

Return of Capital Commitment

[Betteryear2]

Athabasca is committed to allocating a minimum of 75% of Excess Cash Flow (Adjusted Funds Flow less Sustaining Capital) in 2023 to shareholders through share buybacks. The buyback program commenced in April and to date the Company has repurchased for cancellation 6.2 million common shares for total consideration of $20 million. Additional Excess Cash Flow allocation will be commodity price dependent and could include additional share repurchases dependent on valuation, further debt reduction or high return growth projects.

[Sugaree]

I have no clue how the market will interpret this report tomorrow??

[Franklin80]

it doesnt look good for me.  GLTA

[matt2018]

Its all about the price of Oil going forward and the differential (which is already much improved). The company is now in a great position to capitalize if they get favorable pricing. They have done their job, but the Oil pricing fundamentals are out of their control.   Key line for me in this report..... "WCS differentials have tightened significantly to ~US$15 currently compared

[Maxmoe]

You got this backwards maybe Matt? If the differential drops from $25 to $15, that's a good thing. A VERY good thing. Example? If WTI is 75, and the differential is $25, that means WCS is $50. If the differential drops to $15, WCS raises to $60 if WTI remains unchanged. That's a 20% improvement in revenue for producers selling at WCS. When transmountain kicks in and we can sell wcs

[matt2018]

thats what i was saying Max.... it was a brutal differential price in Q1.  It's much improved in Q2 but price of Oil not co-operating.  Ath just caught a terrible day in the markets, day after the report.  Once this debt ceiling noise gets resolved, interest rate increases stop (can't let banks continue to go under because Powell wants to bring down price of eggs), Oil will

[Maxmoe]

I guess I read your comment backwards then. In any case, this too shall pass. Like momo through a goose.