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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 to August 31, 2023
View:
Post by MLEWICKIMBA on Sep 11, 2023 2:23pm

Buybacks to August 31, 2023

$72MM of share repurchases to Aug. 31 (23MM common shares  repurchased for cancellation at an average price of $3.12/sh)

Revised target set at $140M 

So more than half way.
Comment by vwbusman on Sep 11, 2023 9:40pm
Yes, however they have issued almost 14 million shares Ytd so that has reduced the 21.7 million shares cancelled effectively down to 7.7 million.  
Comment by MLEWICKIMBA on Sep 11, 2023 11:33pm
Some of that was employee incentive during Covid. 68M CAD to go to reach target.
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