Athabasca Oil Corporation
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Robert Anthony Broen
- Full Time Employees
- 181
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 215 – 9th Avenue SW Calgary AB Canada T2P 1K3
- IPO Date
- Jun 9, 2010
- Website
- atha.com
- Similar Companies
- Business
- Athabasca Oil Corporation engages in the exploration, development, and production of thermal oil and light oil resources in Alberta's Western Canadian Sedimentary Basin. The company operates primarily through its Thermal Oil segment, which extracts bitumen from oil sands using steam-assisted gravity drainage (SAGD) technology at the Leismer and Hangingstone projects; and its Duvernay Energy Corporation (DEC) subsidiary, a 70%-owned joint venture with Cenovus Energy focused on liquids-rich natural gas and light oil in the Kaybob Duvernay shale play. Leismer boasts regulatory approval for 40,000 barrels per day capacity with ongoing phased expansions, while Hangingstone supports sustaining production through extended-reach lateral drilling; DEC holds exposure to approximately 200,000 gross acres with around 500 future drilling locations and current production near 2,000 barrels of oil equivalent per day. Founded in 2006 and headquartered in Calgary, Alberta, Athabasca targets intermediate production of approximately 39,000 barrels of oil equivalent per day, with operations confined to high-quality resources in northeastern and central Alberta including the Greater Kaybob area. Recent developments include the 2024 creation and closing of Duvernay Energy Corporation through asset contributions with Cenovus, providing a self-funded entity with $40 million cash seed and a $50 million credit facility; sanctioning of Leismer's multi-year expansion to 40,000 barrels per day by 2027 at capital efficiencies of about $25,000 per flowing barrel; and a 2025 budget allocating $250 million to Thermal Oil growth and $85 million to DEC drilling, alongside commitment to return 100% of Thermal free cash flow to shareholders via share buybacks totaling over $675 million since 2023.
Athabasca Oil: Higher Oil Prices Mean A Rating Upgrade
Athabasca Oil Corporation (ATH:CA) Shareholder/Analyst Call Prepared Remarks Transcript
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Athabasca Oil (OTCMKTS:ATHOF) Shares Pass Above 50 Day Moving Average – Should You Sell?
Athabasca Oil Announces Renewal of Normal Course Issuer Bid
Athabasca Oil Announces 2025 Year-end Results and Reserves
Athabasca Oil Announces its 2026 Budget Focused on Production and Cash Flow Per Share Growth
Athabasca Oil Announces 2025 Third Quarter Results Highlighted by Consistent Operational Performance, Continued Share Buybacks and a Pristine Financial Position
Athabasca Oil Announces 2025 Second Quarter Results Highlighted by Strong Operational Results, Continued Share Buybacks and a Pristine Financial Position
Athabasca Oil Corporation Announces Results from 2025 Annual Shareholder Meeting
Athabasca Oil: Benefitting From The Trans Mountain Expansion Pipeline Startup
Athabasca Oil Announces 2025 First Quarter Results Highlighted by 63% Growth in Funds Flow Per Share and Strong Operational Execution Driving a Robust Return of Capital Program
Athabasca Oil Corporation: Strong Cash Flow, Low Valuation, High Upside
Athabasca: 100% Of Free Cash Flow Allocated To Share Buybacks
Athabasca Oil Announces Renewal of Normal Course Issuer Bid
Athabasca Oil Announces 2024 Year-end Results including Record Cash Flow, Strong Return of Capital and Significant Reserves Growth
Athabasca Oil: 2025 Guidance
Athabasca Oil Announces 2025 Budget Focused on Cash Flow Per Share Growth and Directing 100% of Free Cash Flow to Shareholder Returns
Athabasca Oil Announces 2024 Third Quarter Results Highlighted by Strong Free Cash Flow and Continued Execution on Share Buybacks