Athabasca Oil Corporation (PK) (ATHOF)

there we go $.40 by the end of the next week

I can't believe so few have discovered this

ATHOF~ ANOTHER MONEY SOURCE~Canada The federal government is funding a US$717 million (C$1 billion) program to provide grants to oilfield service contractors to perform well, pipeline, and oil and gas site reclamation work. The program is expected to keep 5,300 jobs in the oil industry at a time when many oil workers are losing their jobs.[/I]

https://oilprice.com/Energy/Energy-General/Canadas-Oil-Patch-Struggles-To-Survive-The-Worst-Recession-Ever.html

thanks great evening

thank you just got home from work will look into it have great evening

Canadian side 6.94 million volume ticker TSX: ATH

not a lot of volume I will watch it thxs

Definitely, easy 1 dollar plus within a month

An undiscovered gem! Thanks!

This is their US ticker, We know on the Canadian side They had 7 million volume TSX: ATH

Welcome to the board

The volume shown by Ihub is wrong. Actual volume today over 7 MM shares

I follow you Blue. I picked up some starter

ATHOF hedged 50% of oil at $56.5 US for H1

Risk Management and Market Access
Athabasca protects a base level of capital activity through its risk management program while maintaining cash flow upside to the current pricing environment. A hedging program targets up to 50% of corporate production.
For 2020, the Company has hedged 13,500 bbl/d of WTI through a combination of fixed swaps (~50%) and collars (~50%). Approximately 50% of forecasted volumes are currently hedged in H1 2020 and 25% hedged in H2 2020. The average floor price is ~US$56.50 WTI with upside exposure to US$60 and US$65 on the WTI collars. In addition, the Company has hedged ~9,400 bbl/d of WCS differentials at ~US$19.50 with 8,000 bbl/d protected from apportionment through direct sales to refineries.
The Company has secured ~7,200 bbl/d of Keystone pipeline service commencing in 2020 for a term of 20 years. This capacity diversifies Thermal Oil dilbit sales to the US Gulf Coast at pipeline economics which will allow the Company to further enhance its netback.
Longer term, Athabasca has secured egress with capacity on both the TC Energy Keystone XL pipeline and the Trans Mountain Expansion Project.

https://www.atha.com/uploads/news-releases/2020/2020-01-08_Athabasca_2020_Budget_FINAL.pdf

ATHOF has 467 million cash on hand

Athabasca Oil Corporation Announces $70 Million Upsized Contingent Bitumen Royalty Along with Additional Resiliency Actions
CALGARY – 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

https://www.atha.com/uploads/news-releases/2020/2020-04-28_ATH_Corporate_Update_FINAL.pdf

ATHOF to pursue potential share buy backs.

Special Meeting of Shareholders
Athabasca held a Special Meeting of Shareholders on January 8, 2020 whereby shareholders voted in favor of the resolution to reduce stated capital (58% shareholder turnout with 99.8% approval).
The Company now has flexibility under the Business Corporations Act (Alberta) to pursue potential share buy backs. Athabasca believes that, from time to time, the market price of its Common Shares may not fully reflect the underlying value of its business, future prospects and financial position. In such circumstances, Athabasca may purchase for cancellation outstanding Common Shares, thereby benefitting all shareholders by increasing the underlying value of the remaining Common Shares. The Company may look to execute future share buy backs with sustainable free cash flow in the future.

https://www.atha.com/uploads/news-releases/2020/2020-01-08_Athabasca_2020_Budget_FINAL.pdf

https://www.atha.com

ATHOF 19% up