Last C$7.11 CAD
Change Today -0.04 / -0.56%
Volume 158.7K
ATH On Other Exchanges
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As of 9:53 AM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

athabasca oil corp (ATH) Snapshot

Open
C$7.16
Previous Close
C$7.15
Day High
C$7.17
Day Low
C$7.08
52 Week High
02/21/14 - C$8.84
52 Week Low
10/18/13 - C$5.47
Market Cap
2.9B
Average Volume 10 Days
3.5M
EPS TTM
C$-0.47
Shares Outstanding
401.6M
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.

258 Employees
Last Reported Date: 08/6/14
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

Athabasca Oil Corporation Announces Audited Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Financial Guidance for 2014 and Production Guidance for Second Half Year of 2014

Athabasca Oil Corporation announced audited earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported petroleum and natural gas sales of $34,626,000 compared to $35,717,000 a year ago. Midstream revenues were $755,000 compared to $257,000 a year ago. Funds flow from operations were $4,882,000 or $0.01 per basic and diluted share compared to $1,368,000 or $0.00 per basic and diluted share a year ago. Net loss and comprehensive loss was $56,766,000 or $0.14 per basic and diluted share compared to $29,986,000 or $0.07 per basic and diluted share a year ago. Capital expenditures were $109,056,000 compared to $142,710,000 a year ago. For the six months, the company reported petroleum and natural gas sales of $69,272,000 compared to $63,722,000 a year ago. Midstream revenues were $1,558,000 compared to $360,000 a year ago. Funds flow from operations were $8,714,000 or $0.02 per basic and diluted share compared to funds used in operations of $6,918,000 or $0.02 per basic and diluted share a year ago. Net loss and comprehensive loss was $78,119,000 or $0.19 per basic and diluted share compared to $55,476,000 or $0.14 per basic and diluted share a year ago. Capital expenditures were $349,918,000 compared to $407,091,000 a year ago. The 2014 capital budget remains at $527 million, excluding capitalized interest and capitalized general and administrative expenses. Second half 2014 production guidance is between 6,000 - 6,500 boe/d. The company will release full capital plans, details on its strategy and a preliminary 2015 outlook following receipt of the Dover proceeds. The company's light oil production averaged 5,767 boe/d with 52% liquids in the second quarter of 2014. Production was in line with prior guidance of 5,500 to 6,000 boe/d which incorporated a planned third-party downtime of 10 days. For the six months, the company reported light oil production of 6,032 boe per day.

Athabasca Oil Corporation, Q2 2014 Earnings Call, Aug 06, 2014

Athabasca Oil Corporation, Q2 2014 Earnings Call, Aug 06, 2014

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).

 

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Industry Analysis

ATH

Industry Average

Valuation ATH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 25.0x
Price/Book 0.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 16.5x
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