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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Athabasca Oil Corp > ATH 1st Q

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Post by andy604 on May 08, 2024 9:41pm

ATH 1st Q

All in all looks good to me, 72m shares bought back for the year ending march 2024, $2.6 tax credits, all properties are expanding in 2024 to put more wells into production , TMX is a bonus, 100% free cash flow for buybacks on all properties except duvernay /CVE are partners, should see a great 2024

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Comment by vwbusman on May 09, 2024 6:45am

Only downside to me is the large amount of internally issues shares - yes they bought back 72 million shares however their net share amount only decreased by 10 million due to internally granted shares.

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Athabasca Oil Corp