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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 > It will go down because of traders -- 30 cents
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Post by MLEWICKIMBA on May 10, 2023 10:18pm

It will go down because of traders -- 30 cents

1. Should have been priced in but traders will over react as usual.  It was late as well.  Should be 1 hour after market close.

2. Netbacks sucked but WCS sucked and the differential sucked.

3. They have a loss but not really. Q1 is always light.

4. Share buyback was significant considering it only started April 1, 2023.

5. Debt repayment too.  Didn't have to do that and if they didn't do that cash on hand would have been higher.

6. Production was down sort of but it was winter.

7. Tax ruling good -- buy back shares with the 12m.

8.  WCS differentials 10 bucks higher now so Q2 will be 50% better.

9. Capex will increase production by 2000 bpd later in the year.

All in all a reasonable quarter.  Lots happened.

ML
Comment by Sugaree on May 10, 2023 10:26pm
You expect ATH to drop 30 cents tomorrow, seriously?
Comment by TheWokeLemming on May 10, 2023 10:29pm
Quite an interesting comment after so much pumping the last 2 months.  Noted. 
Comment by Sugaree on May 10, 2023 10:33pm
Yes, I am shocked to see that from him.
Comment by MLEWICKIMBA on May 10, 2023 10:34pm
I'm still pumping brother. But the traders are the traders. By the way ATH is the best in their class as I'm sure you agree. It's full steam ahead at ATH. So I still see 4 bucks coming. If it does go down 30 cents I'm buying. Good luck. ML
Comment by TheWokeLemming on May 10, 2023 10:40pm
A 10% decline is ridiculous.  That was silly. 
Comment by MLEWICKIMBA on May 10, 2023 11:07pm
Traders yes or no.   See later today. But it is the AGM so maybe not. I'm buying any dip.  Because the next three quarters are good for all of us. My point was about traders....
Comment by Sugaree on May 10, 2023 11:15pm
All good buddy, just glad we clarified your comment, it was a bit startling, especially in the heading, lol. I will have stink bids in for a potential low open.
Comment by MLEWICKIMBA on May 10, 2023 11:33pm
Thanks for that. I'm going to get my coffee -- might have been the lack of caffeine.  
Comment by Sugaree on May 10, 2023 10:44pm
Good to hear. I still have lots of dry powder, but would simply prefer it move up. It really is all about the price of oil, and the powers that be are doing their best to suppress it. Only a matter of time with driving season coming and SPR ending,
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