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

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TSX:ATH - Post Discussion

Athabasca Oil Corp > 32% of share buyback target met YTD

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Post by MLEWICKIMBA on Jul 05, 2023 11:50am

32% of share buyback target met YTD

1. Started in April
2. Ahead of schedule and in a touch price environment
3. More stable prices and tight WCS differential means 68% remaining target met by December 2023.

Don't sell your shares as ATH might be the buyer on the other side. Think about that...

ML

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Comment by uwebb429 on Jul 05, 2023 3:01pm

The oil market should tighten up during Q3 and Q4. The new TMX pipeline will be up and running soon after that. Saudi Arabia realizes that producing less oil to maintain the price makes more sense than flooding the market with cheap oil. The WCS WTI differential is already in the low $10 range for August. With more and more share buybacks, ATH is in a great position to appreciate during the next ...more

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Athabasca Oil Corp