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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 > Buybacks
View:
Post by Sugaree on Jun 22, 2023 5:57pm

Buybacks

Sure, none of us like this pullback, but ATH is in the best position of all O&G companies right now with 75%+ FCF going into buybacks. Plus, lots of cash on hand to keep buying when WTI dips. Many others are still dealing with a lot of FCF on debt and can't take advantage.
Comment by TheWokeLemming on Jun 22, 2023 7:05pm
Let's hope they remove the full 10% of shares under the NCIB and then fire up another one.  
Comment by Sugaree on Jun 22, 2023 8:30pm
My bet will be they go with an SIB next time around. Oil will be much higher and then they can buy back way more than just 10%.
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