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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 > Dividend/Shorts
View:
Post by Torontohomer1 on Jul 24, 2024 11:53am

Dividend/Shorts

What are the chances they will announce a dividend with earnings today? Love the share buy backs but think not paying a dividend holds the share pice back. 

Short position continues to grow. Now 7.14% of the float. That is a couple hundred million dollars bet that the 5.50 range is the max for this stock.

Any thoughts?
Comment by cahclick on Jul 24, 2024 12:26pm
  I don't think they're ready for dividends just yet but that tool should be available by the end of Q3 once all warrants and debt are off the table. I'd love to see a whopper special dividend to nuke the shorts but ATH's commitment to debt & NCIB is the best for keeping the company strong and building shareholder value over time. The result of the NCIB's will ...more  
Comment by newtonboy on Jul 24, 2024 3:58pm
   "I don't think they're ready for dividends just yet but that tool should be available by the end of Q3 once all warrants and debt are off the table." -cahclick   They may not be ready but I sure am. Been averaging up for the last four years due to profit taking for walking around money. These various dips  would be softened with a moderate quarterly ...more  
Comment by Kpitreal on Jul 24, 2024 4:46pm
Shorts will be gone with the warrant overhang. Imo. This stock is going to rest at $7.00 but is on its way to $15. The assets are just that good. 
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