ATH.TO - Athabasca Oil Corporation

Toronto - Toronto Delayed Price. Currency in CAD
0.1500
0.0000 (0.00%)
At close: 3:58PM EDT
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Previous Close0.1500
Open0.1500
Bid0.1500 x 0
Ask0.1550 x 0
Day's Range0.1450 - 0.1550
52 Week Range0.1200 - 1.1400
Volume1,547,293
Avg. Volume1,346,882
Market Cap78.518M
Beta (5Y Monthly)2.49
PE Ratio (TTM)0.32
EPS (TTM)0.4700
Earnings DateMay 05, 2020 - May 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.21
  • Athabasca Oil to shut down Hangingstone SAGD oilsands project and cut staff
    The Canadian Press

    Athabasca Oil to shut down Hangingstone SAGD oilsands project and cut staff

    CALGARY — Athabasca Oil Corp. is suspending operations at its Hangingstone SAGD oilsands operation due to the drop in oil prices and the COVID-19 pandemic.The company says it's also reducing its corporate staff by 15 per centThe shutting down of Hangingstone involves shutting in the well pairs and halting steam injection to the reservoir as well as ensuring that the processing facility and pipelines can be re-started in the future.Athabasca says the project has an operating break-even price of approximately US$37.50 per barrel for Western Canadian Select, which was trading for US$9.92 per barrel midday.The company says it now expects to produce 30,000 to 31,500 barrel of oil equivalent per day this year, down by about 2,500 barrels related to the shut-in.Hangingstone began construction in 2013 and was commissioned in 2015.This report by The Canadian Press was first published April 3, 2020.Companies in this story: (TSX:ATH)The Canadian Press

  • GlobeNewswire

    Athabasca Oil Corporation Takes Further Actions in Response to the Current Environment

    Due to the significant decline in oil prices combined with the economic uncertainty associated to the ongoing COVID crisis, Athabasca has decided to suspend the Hangingstone SAGD operation. The Hangingstone asset has an operating break-even of approximately US$37.50 Western Canadian Select and this action is expected to significantly improve corporate resiliency in the current environment. As part of this action, Athabasca is reducing its corporate staff count by 15%.

  • GlobeNewswire

    Athabasca Oil Corporation Halts 2020 Capital Program

    Athabasca has immediately cancelled $30 million of capital expenditures, representing a 25% reduction from the previously announced 2020 budget. The Company already had a minimal capital program in place with market uncertainty and has low capital requirements to sustain its liquids weighted production base. The Company has completed the tie-in of 10 Placid Montney wells and intends to bring production on-stream in Q2 2020.

  • Some Oil in Canada Has Already Tumbled Below $10 a Barrel
    Bloomberg

    Some Oil in Canada Has Already Tumbled Below $10 a Barrel

    (Bloomberg) -- As global oil benchmarks crash below $25 a barrel, some crude from Canada is already trading below $10 for the first time ever.Heavy Canadian crude, which typically trades at a discount to U.S. West Texas Intermediate oil, is tumbling after the country’s oil-sands producers were forced to delay maintenance, pushing more supply into the market at the worst possible time.Concerns about flying workers in from out of town as the coronavirus continues to spread led Syncrude Canada Ltd. to delay coker maintenance at its upgrader and Suncor Energy Inc. to push back planned work scheduled for May.The delays mean that synthetic crude that wasn’t expected to be entering the market will continue to flow. Global benchmarks such as London’s Brent have fallen to the lowest level since 2003 while Saudi Arabia and Russia pump more in a war for market share just as the pandemic pummels fuel demand.Heavy Western Canadian Select fell to a record low of $9.19 a barrel as of 9:12 a.m. New York time Wednesday, more than $15 below the U.S. benchmark. Other grades also dropped to record lows. Light synthetic crude, produced in an oil sands upgrader from bitumen, fell $6.26 to $16.97 a barrel and conventionally produced Edmonton mixed sweet fell to $13.49.On Tuesday, Alberta’s Premier Jason Kenney declared a state of public emergency, prohibiting gatherings of 50 or more people. The energy ministry is working out how the directive will apply to the oil industry, said energy ministry spokesman Kavi Bal.The Syncrude maintenance was forecast to cut majority-owner Suncor’s share of production by 45,000 barrels a day in the second quarter. Suncor’s planned work on its own upgrader in the quarter was to cut production by 70,000 barrels a day. Other planned maintenance in the spring includes:The Scotford upgrader will run at just over half-capacity during a 55-day turnaround starting in April.Canadian Natural Resources Ltd. will conduct maintenance on Athabasca Oil Sands Project mines.Husky Energy Inc.’s Lloydminster upgrader to be under repair, affecting 40,000 barrels a day.Canadian Natural plans work at its Jackfish site in late first quarter.Imperial Oil Ltd. plans work at Cold Lake, one of two trains at Kearl oil-sands site.Athabasca Oil Corp. will complete turnaround at Hangingstone site.(Adds synthetic crude, Edmonton Mixed Sweet prices in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • GlobeNewswire

    Athabasca Oil Corporation Announces 2019 Year-end Results

    CALGARY, Alberta, March 04, 2020 -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to provide its 2019 year-end results and annual reserves..

  • How Should Investors React To Athabasca Oil Corporation's (TSE:ATH) CEO Pay?
    Simply Wall St.

    How Should Investors React To Athabasca Oil Corporation's (TSE:ATH) CEO Pay?

    Rob Broen became the CEO of Athabasca Oil Corporation (TSE:ATH) in 2015. This analysis aims first to contrast CEO...

  • GlobeNewswire

    Athabasca Oil Provides Operations Update, 2020 Budget Guidance and Results of Special Shareholders Meeting

    CALGARY, Alberta, Jan. 08, 2020 -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or “the Company”) demonstrated strong operational results at the end of 2019 and has.

  • Read This Before Selling Athabasca Oil Corporation (TSE:ATH) Shares
    Simply Wall St.

    Read This Before Selling Athabasca Oil Corporation (TSE:ATH) Shares

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...

  • Investors: This 1 Stock Just Hit an All-Time Low: Time to Buy?
    The Motley Fool

    Investors: This 1 Stock Just Hit an All-Time Low: Time to Buy?

    Athabasca Oil Corp is poised to deliver significant returns to investors when oil prices rebound. Is it a good stock for your TFSA?

  • GlobeNewswire

    Athabasca Oil Corporation Announces 2019 Third Quarter Results

    CALGARY, Alberta, Nov. 05, 2019 -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its third quarter operational and financial.

  • Baystreet

    Downward Open for TSX

    Canada's main stock index fell at open on Monday, led by losses in shares of cannabis producer HEXO ...

  • Those Who Purchased Athabasca Oil (TSE:ATH) Shares Five Years Ago Have A 87% Loss To Show For It
    Simply Wall St.

    Those Who Purchased Athabasca Oil (TSE:ATH) Shares Five Years Ago Have A 87% Loss To Show For It

    We're definitely into long term investing, but some companies are simply bad investments over any time frame. It hits...

  • Penny-Stock Millionaire: Make Your 1st $1,000,000 With These 3 Hidden Gems
    The Motley Fool

    Penny-Stock Millionaire: Make Your 1st $1,000,000 With These 3 Hidden Gems

    Looking for big upside? This group of explosive penny stocks, including Athabasca Oil Corp (TSX:ATH), might provide the pop you're looking for.

  • Could The Athabasca Oil Corporation (TSE:ATH) Ownership Structure Tell Us Something Useful?
    Simply Wall St.

    Could The Athabasca Oil Corporation (TSE:ATH) Ownership Structure Tell Us Something Useful?

    A look at the shareholders of Athabasca Oil Corporation (TSE:ATH) can tell us which group is most powerful...

  • GlobeNewswire

    Athabasca Oil Corporation Announces 2019 Second Quarter Results

    CALGARY, Alberta, July 31, 2019 -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report continued strong financial performance with its.

  • You Might Like Athabasca Oil Corporation (TSE:ATH) But Do You Like Its Debt?
    Simply Wall St.

    You Might Like Athabasca Oil Corporation (TSE:ATH) But Do You Like Its Debt?

    Athabasca Oil Corporation (TSE:ATH) is a small-cap stock with a market capitalization of CA$381m. While investors...

  • Become a Penny-Stock Millionaire: 3 Stocks Under $5 Hitting New 52-Week Lows
    The Motley Fool

    Become a Penny-Stock Millionaire: 3 Stocks Under $5 Hitting New 52-Week Lows

    Looking for massive upside? This group of beaten-down penny stocks, including Athabasca Oil Corp. (TSX:ATH), might provide the pop you're looking for.

  • Does Athabasca Oil Corporation's (TSE:ATH) CEO Salary Compare Well With Others?
    Simply Wall St.

    Does Athabasca Oil Corporation's (TSE:ATH) CEO Salary Compare Well With Others?

    Rob Broen became the CEO of Athabasca Oil Corporation (TSE:ATH) in 2015. This analysis aims first to contrast CEO...