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Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Energy Oil & Gas E&P
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 > Nuttall misleading??? ATH debt free ?????
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Post by CrazyTrader on May 14, 2023 7:48am

Nuttall misleading??? ATH debt free ?????

Jump to time stamp 4:30, he says claims he thinks ATH is debt free!!!   

Eric Nuttall: Canadian energy producers most undervalued on the planet - BNN Bloomberg

Given that it is or was one of his top 10 holdings if not his Top holding, you would think he would know, not think, but know.    

So, is it true?   ATH debt free?

All just my opinion/view/thinking/guessing
Comment by matt2018 on May 14, 2023 9:24am
In the Q1 report, ATH states they "achieved the lowest level of total debt in corporate history". Perhaps this is what he meant.  Does not really matter.  The net debt total is immaterial. Not so sure I agree with the SPR comments.. That was designed as "insurance" for the nations 30 day supply of Oil (20M bbl/day x 30 days=600M bbl). What if a catastrophic storm hits ...more  
Comment by ramblersrest on May 14, 2023 9:39am
It is not debt free , however , has equal or more  cash and securities on hand than the amount of debt ....Some are using the term Net Debt Free ....They are working toward zero debt . 
Athabasca Oil Corp
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