Last C$6.93 CAD
Change Today +0.05 / 0.73%
Volume 969.6K
ATH On Other Exchanges
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As of 1:01 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

athabasca oil corp (ATH) Snapshot

Open
C$6.86
Previous Close
C$6.88
Day High
C$6.94
Day Low
C$6.81
52 Week High
08/7/13 - C$9.00
52 Week Low
10/18/13 - C$5.47
Market Cap
2.8B
Average Volume 10 Days
5.0M
EPS TTM
C$-0.42
Shares Outstanding
401.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ATHABASCA OIL CORP (ATH)

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athabasca oil corp (ATH) Details

Athabasca Oil Corporation is engaged in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The Thermal Oil segment produces bitumen from sand and carbonate rock formations located in the Athabasca region of northeastern Alberta. This segment’s principal oil sands assets include Hangingstone, Dover West, Dover, Birch, and Grosmont projects. The Light Oil segment produces light oil, natural gas, and natural gas liquids located in various regions of the northwestern Alberta. This segment’s primary light oil development areas comprise Kaybob and Saxon/Placid with formation targets consisting of the Duvernay, Montney, Charlie Lake, Nordegg, Slave Point, Rainbow Lake, and Muskwa Formations in northwestern Alberta. As of December 31, 2013, it held approximately 4.2 million net acres of mineral resource leases and permits, which include approximately 1.5 million net acres of oil sands leases and permits in the Athabasca region of northeastern Alberta and approximately 2.7 million net acres of petroleum and natural gas leases in northwestern Alberta. The company was formerly known as Athabasca Oil Sands Corp. and changed its name to Athabasca Oil Corporation in May 2012. Athabasca Oil Corporation was founded in 2006 and is headquartered in Calgary, Canada.

303 Employees
Last Reported Date: 05/8/14
Founded in 2006

athabasca oil corp (ATH) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$475.0K
Chief Operating Officer
Total Annual Compensation: C$40.0K
Vice President of Legal and Corporate Secreta...
Total Annual Compensation: C$290.7K
Vice-President of Corporate Development
Total Annual Compensation: C$290.7K
Executive Senior Vice President of Brion Ener...
Total Annual Compensation: C$336.6K
Compensation as of Fiscal Year 2013.

athabasca oil corp (ATH) Key Developments

Repsol Reportedly Eyeing Diamondback

Repsol, S.A. (CATS:REP) may acquire Diamondback Energy, Inc. (NasdaqGS:FANG). Share price of Diamondback gained 4% after a report of possible acquisition by Repsol. The report stated that Repsol would use cash from its $5 billion settlement with Argentina concerning the government's expropriation of Repsol's YPF unit. Repsol was in talks that might lead to its acquisition of Athabasca Oil Corporation (TSX:ATH).

Athabasca Oil Corporation Reports Earnings and Operating Results for the First Quarter of 2014; Revises Capital Budget Guidance for the Year 2014; Reaffirms Production Guidance for the Second Quarter of 2014

Athabasca Oil Corporation reported earnings and operating results for the first quarter of 2014. For the quarter, the company’s capital expenditures totaled $241 million including $77 million in light oil and $158 million in thermal oil. The company reported a net loss of $21.35 million or $0.05 per share compared to a $25.49 million or $0.06 loss during the January-March quarter of 2013. For the quarter, the company produced an average of 6,299 barrels of oil equivalent per with 47% liquids, in line with guidance of 6,000 to 6,500 boe/d, a 5% increase compared to 6,024 boe/d in the first quarter of 2013; obtained initial results from two Duvernay wells, one well was brought on stream with an established 30-day restricted rate of approximately 750 boe/d with a free condensate yield of 475 barrels per million cubic feet and a second well was tested over a four day period with an average restricted rate of 1,400 boe/d with 284 bbl/mmcf (condensate) during the last 24 hours of the test. The company reached 80% completion on Hangingstone Project 1, Athabasca's 12,000 barrel per day steam assisted gravity drainage project. The company's Board of Directors has approved a $29 million increase to its base 2014 capital budget of $480 million. The increase is allocated as: light oil - $15 million primarily for long lead equipment and drilling commitments required in the second quarter to support an expanded Duvernay drilling program in the second half of the year once proceeds from the sale of the DCP are received. The light oil budget now stands at $121 million. Thermal oil - $6 million primarily to advance preliminary engineering work for a future hangingstone expansion. The thermal oil budget now stands at $354 million. Corporate - $8 million for leasehold improvements and other capital costs associated with the company's office relocation which will be largely completed in late 2014. The total corporate budget now stands at $14 million. The company's revised capital budget includes $20 million for the Dover Joint Venture, which remains unchanged. The company's total 2014 capital budget is now $509 million, excluding approximately $50 million of anticipated capitalized general and administrative expenses. The company reconfirms its second quarter of 2014 production guidance range of 5,500 to 6,000 boe/d. This production range includes the impact of Keyera's Simonette plant shut-down that occurred in April 2014.

Athabasca Oil Corporation Approves Amendments to the Articles of Association

Athabasca Oil Corporation at its third extraordinary general meeting of 2014 held on May 04, 2014, the shareholders approved amendments to the articles of association of the Company.

 

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Industry Analysis

ATH

Industry Average

Valuation ATH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 25.2x
Price/Book 0.8x
Price/Cash Flow 149.4x
TEV/Sales 19.2x
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