Athabasca Oil Sands Corp (ATH)

[peterquinnvet]

Athabasca Oil Corporation Announces Preliminary Year-end Results, $32 Million Debt Repayment and Operations Update;

https://www.atha.com/uploads/AOC_Preliminary_2021_Year-end_Results_Debt_Repayment_and_Operations_Update_02-02-2022_FINAL.pdf

[k9narc]

ATH-T Athabasca Oil Corp
1.40
+0.10
+7.69%

[Girona1]

I've meant to say: " it has been on the news.."

[Girona1]

Lately, Athabasca has been on a news. In fact, many big Firms have started to pay attention to Athabasca. I wouldn't be surprised if this Stock goes up one of these days. This stock was worth almost $ 20.00 Dollars at one point.

[housemoney4sure]

keeping close eye on it not that long to end of year thxs im hoping WLL goes up quite abit more give me some spending money have great weekend thxs for the info

[~ Blue ~]

Don't know.. maybe they do who knows

[housemoney4sure]

when is the buyback going to begin

[~ Blue ~]

ATH has a share buyback program for this year.

[~ Blue ~]

ATH cash per share 90 cents it is very undervalued

[~ Blue ~]

About $470 million cash and 523 milion shares

[~ Blue ~]

ATH posted Monster news~ Total Cash $470 Million


Athabasca Oil Corporation Announces $70 Million Upsized Contingent Bitumen Royalty Along with Additional Resiliency Actions
April 28 2020 - 05:14PM
GlobeNewswire Inc. Print

Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is taking further actions in response to the decline in global oil prices to bolster balance sheet strength and corporate resiliency.
Upsized Contingent Bitumen Royalty

Athabasca is pleased to announce an upsizing of the previously completed Contingent Bitumen Royalty with Burgess Energy Holdings L.L.C. (the “Royalty”) for additional cash consideration of $70 million. Athabasca has now raised total cash proceeds of $467 million since 2016 through this unique funding structure at an extremely attractive cost of capital. The transaction closed on April 28, 2020.

The upsized Royalty is limited to Leismer, Hangingstone and Corner. The Royalty follows the same structure as the existing contingent bitumen royalties and ensures the Thermal Oil assets are not encumbered at low commodity prices. The Royalty is based on a scale from 0% – 15% with a Western Canadian Select (“WCS”) heavy benchmark. At prices below US$60 WCS the rate is 0% (US$75 implied WTI assuming a US$15 WCS differential), the minimum 2.5% rate is triggered at US$60 WCS with a sliding scale up to 15% at US$100 WCS (was US$140 WCS). The Royalty is payable after transportation costs and is not expected to materially impact economics of future expansion phases or development projects.

Additional Resiliency Actions

Athabasca is taking further steps to provide additional financial resiliency during these extreme times.

At Placid, the Company will curtail its base Montney production to ~3,500 boe/d by the end of April. The 10 development wells from the winter program were all placed on-production by early April. Athabasca is pleased with initial production results and will now defer production from the new wells until commodity prices improve. At Kaybob, the partnership is optimizing Duvernay production levels.
At Leismer, the Company has flexibility to curtail volumes to as low as ~8,000 bbl/d. It intends to take steps over the next month to reduce production to these levels while managing reservoir integrity through optimized steam levels and with non-condensable gas co-injection.
Athabasca reassigned 15,000 bbl/d of its Keystone XL transportation commitment to a third party, reducing future financial commitments. The Company retains 10,000 bbl/d of Keystone XL capacity.
The Company has implemented many G&A cost savings initiatives including moving to an 80% work week for corporate staff in the Calgary office.
Athabasca’s 2020 capital program is $85 million ($15 million H2 2020), with $40 million cancelled from the original budget. The Company is suspending its production guidance given the uncertainty associated with duration of the announced curtailments which will be dictated by commodity pricing.

As at March 31, 2020, and pro forma Royalty proceeds, Athabasca had liquidity of ~$355 million ($270 million cash equivalents & $85 million available credit facilities).

Maximizing corporate funds flow and maintaining strong corporate liquidity during the current extreme price volatility remain top priorities for Athabasca.

About Athabasca Oil Corporation

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s common shares trade on the TSX under the symbol “ATH”. For more information, visit www.atha.com.

For more information, please contact:
Matthew Taylor
Chief Financial Officer
1-403-817-9104
[e-mail]

[~ Blue ~]

ATH loading zone, very UNDERVALUED

[onedayyyyyyyyy]

Just talked to a mom of an oil worker.....She said he was let go because the oil industry in Canada is going nowhere. There’s lots of oil workers out of a job.. apparently the pipeline that was supposed to be developed is not in the works yet. What this mother told me was that the United States of America paid off the aboriginal people in Quebec to not build the pipeline. That’s what she told me I don’t know if it’s true or not. She is an honest lady as far as I know....

And I’m not sure if it was to build a pipeline or to shut a pipeline down

[Johnnnnnnnn]

Jesus, why is this thing dying.

[Johnnnnnnnn]

I'm hoping their earnings release this week gives us a little bump, but we really need oil to come up.

should be good once we get those new assets flowing for us.

[onedayyyyyyyyy]

Keystone pipeline has been approved by Donald Trump. 800,000 barrels of oil will be shipped from Calgary on a daily basis.
Plus Fracking in the United States creates earthquakes...if fracking is halted this year oil prices would skyrocket.


http://oilprice.com/Energy/Energy-General/Less-Earthquakes-In-Shale-Territory-Good-News-For-US-Frackers.html

[onedayyyyyyyyy]

Get in for the 2017 big ride

[onedayyyyyyyyy]

It's definitely time to get in

[onedayyyyyyyyy]

$2.50 before end of year with OPEC deal

[onedayyyyyyyyy]

Going up big time this week

[onedayyyyyyyyy]

OPEC and other oil produced meet April 17th to discuss oil reduction. Some analyst said oil to get to $100 by end of year could be right

[onedayyyyyyyyy]

Oil is now at $39.36

[elcheepo]

Turning results due tomorrow let's see how it works out for ATH.

[Penny Roger$]

Athabasca Oil Sands Corp. - Third Quarter Results Webcast - November 10, 2011 - istockAnalyst.com (press release)
| 10:52 AM |



11-9-11 OTC, PINK and common securities News.





Athabasca Oil Sands Corp. - Third Quarter Results Webcast - November 10, 2011
istockAnalyst.com (press release)
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11-9-11 OTC, PINK and common securities News.

[BullishTrader]

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