Added to YB: 2024-01-25
Pitch date: 2024-01-24
ATHOF [bullish]
Athabasca Oil Corporation
+58.71%
current return
Author Info
No bio for this author
Company Info
Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada.
Market Cap
CAD 2.3B
Pitch Price
CAD 4.48
Price Target
5.25 (-26%)
Dividend
N/A
EV/EBITDA
4.18
P/E
5.32
EV/Sales
1.69
Sector
Oil, Gas and Consumable Fuels
Category
growth
Athabasca Oil Corporation: A Gem In The Great White North
ATHOF: Near multi-year highs, analysts see upside to $4.75-$5.50. Q4 '23 EPS est. $0.08, Q1 '24 $0.04. 35K BOEPD SAGD production, 1.4B 2P reserves for 40 yrs. Duvernay JV with CVE targets 25K BOEPD by 2028-9. Aims for 70K BOEPD, $1B FCF by '26 via $2.8B tax pools & new royalties. 15% buyback in '24, then higher dividend. 17.6% '24 FCF yield, $134M debt. Risks: Gas prices, oil sands opposition, Venezuela supply.
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