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Athabasca Oil Corporation (ATHOF)

Other OTC - Other OTC Delayed Price. Currency in USD
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2.0018+0.0118 (+0.59%)
At close: 03:40PM EDT
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  • C
    Stock market is such a great thing! As soon as I invest the stock goes down!!!
  • J
    @James who's been more correct so far? I guess we both know its me. So keep quiet and watch how the pro invest and make money.
  • P
    $$$$$ EXCELLENT $$$$$
  • s
    Ath is up 100% this year folks !!! My biggest gainer so far and I own a lot of different oil stocks. Ath is taking a breather. Burt will start the next leg up very soon. Don’t get caught not holding any ath. Because I believe they will be one of my biggest gainer this year.
  • R
    OH G....WHERE ARE YOU ..........
  • H
    why does this stock barely over when all oil stocks are up and drops 3-4% when others are down less than 1%
  • O
    Solid day. Price of oil easily going to be north of $120/bbl all summer to justify high gas prices for the travel season. Nothing to see here, I’ll check back in next earnings in July. We don’t have real markets any more ATH has lots of room to run, that’s what will bring money in. Up over 200% in the last year and ppl are crying over a two week correction 😂.
  • J
    Absolutely no reason this should be down
  • O
    From report

    Unlocking Shareholder Value: The transition of enterprise value to equity holders is materializing and is expected to unlock significant shareholder value. Athabasca is committed to further enhancing shareholder returns by utilizing Free Cash Flow and cash balances for share buy-backs or dividends once its debt target is achieved. The Company sees tremendous intrinsic value not reflected in the current share price. Additional guidance on the Company’s return of capital strategy will be provided in H2 2022.

    What stands out to me is this sentence, Company sees tremendous intrinsic value not reflected in the current share price.
  • S
    Success is about focusing your energy on what creates results and using what you already know
  • M
  • M
    Desjardin Analyst report:
    Rating: Buy, Risk: Speculative, Target: C$3.50

    1Q22 first glance—kicking ATH and taking names
    The Desjardins Takeaway: Slightly positive
    Strong production leads to cash flow beat. Yesterday, ATH released its 1Q22 results, highlighted by
    CFPS of C$0.14 (slightly ahead of consensus of C$0.13) and production of 34,679 boe/d (which also
    slightly outpaced analyst estimates of 34,438 boe/d). The strong quarterly performance enabled the
    company to set a new adjusted fundsflow record of ~C$75m while also generating FCF of ~C$44m after
    capex of C$31m, which wasslightly lowerthan consensus of C$34m.Guidance for 2022 wasmaintained,
    with expected capital spending and production of C$128m and 33,000–34,000 boe/d, respectively. To
    date this year, the company has redeemed C$110m of term debt, and it remains on track to reach a
    net cash position by year-end 2022 before hitting the US$175m term debt level by early 2023.

    Shareholder returns planned once debt target reached. Recall that ATH’s US$350m senior unsecured
    notes are subject to a cash sweep mechanism which requires it to allocate at least 75% of FCF toward
    debt redemptions until it reaches the US$175m level. After it reaches that level, the company is free to
    allocate FCF asitseesfit. In itslatestrelease, ATH reiterated its plan to allocate 100% of FCF toward debt
    reduction until its debt target is achieved. Thereafter, the company has committed to a shareholder
    returns strategy, which may include some combination of dividends or share buybacks, with details to
    be provided in 2H22. ATH hinted toward a preference for buybacks in the update while also noting that
    it has now achieved ~50% progress toward its US$175m debt target.
    Leismer production supported by new pad start-up. The upstream production beat was led by the
    company’s Leismer SAGD asset, which benefited from the ramp-up of a new pad containing five well
    pairs. The pad’s production rate has exceeded the company’s expectations and is forecast to continue
    ramping up to ~5,400 bbl/d in 2H22 (from current production of 2,500 bbl/d). These volumes should
    support Leismer 2022 exit production of ~21,000 bbl/d (vs 2021 annual production of ~17,700 bbl/d),
    with an expectation that the asset will ramp up to ~24,000 bbl/d over the next three years. Meanwhile,
    in the Duvernay, three wells were completed, achieving average IP30 of 840 boe/d (94% liquids),
    which exceeded internal type curve expectations. Although the Montney and Duvernay assets are not
    expected to receive much investment for the time being, they do provide the company with short-cycle
    capital allocation flexibility in an extremely bullish commodity price environment.
  • Z
    I dropped ath and went all in on CJ , they announced a dividend at .60 cents a share or 7.5 %….. check it out
  • s
    Everything is short term folks!!! China lockdowns. Saudi discounts. None of that matters when there is a huge supply crunch worldwide with no near term solution!!! Even a recession won’t bring oil lower then $100. And people still need to heat homes. Drive to work. Fly for leisure and business. Remember a lot of people have money nowadays. Everyone I know is worth over a million dollars and they living very well. Don’t be fooled. Oils going to be high for many years. And ath will benefit huge. To $5 and beyond this year.

    Let’s goo
  • C
    Most people remain poor because friends and relatives discourage and advised them against investing and trading for ex while the wise one keeps investing and growing higher financially..
  • s
    Ath won’t make the same mistake again and will return money to shareholder next quarter. This stock will blast through $3 when that happens and then $4 will be in site

    Patience will be rewarded folks.
  • R
  • J
    Oil up another $1.25 and this junk is barely trying to save its 1 penny gain for the week. In a year it'll be back to a quarter per share.
  • J
    Everyone who says they bought at 19 cents are liar. They probably bought at $10 and they needed to buy at 19 cents to average down. They're are still underwater and holding bags.
  • J
    no divvie announced last earnings, so glad I sold and bought cardinal.😁