ATHABASCA OIL (ATH) Stocks
ABOUT ATHABASCA OIL
Athabasca Oil Corporation is a liquids-weighted intermediate producer involved in the development of Canada’s most active resource plays, namely Montney, Duvernay and Oil Sands.
The company offers investors excellent exposure to oil prices and is focused on maximizing profitability through prudent capital activity across a diversified asset base.
The company’s strategy is intended to ensure both Light Oil and Thermal Oil are financially robust and competitive, with exceptional future growth opportunities.
As such, the company’s strategic emphasis is to maximize shareholder returns by achieving top tier margins across the business and generating free cash flow into the future.
OVERVIEW OF ATHABASCA OIL
Athabasca Oil‘s portfolio of light oil and liquids-rich natural gas is produced from unconventional reservoirs.
Development has been focused on the Montney in the Greater Placid area and the Duvernay in the Greater Kaybob area near the town of Fox Creek, Alberta. The company’s Light Oil Division has approximately 74 MMboe of Proved plus Probable Reserves, with assets supported by operated regional infrastructure primarily consisting of four batteries and a network of gas pipelines which connect the facilities to two regional third party gas processing plants.
In Greater Placid, the company has a 70% operated working interest in approximately 80 000 gross Montney acres. Over the past two years, the company has transitioned Greater Placid from an early stage resource capture to an efficient multi well pad development.
An inventory of over 200 high-graded gross drilling locations positions the company for multi-year growth in this area.
In Greater Kaybob, the company has a 30% non-operated interest in over 200 000 gross acres of commercially prospective Duvernay lands, with exposure to both liquids-rich gas and volatile oil opportunities and an inventory of approximately 1 000 gross drilling locations.
Seventy-five percent of Athabasca’s Greater Kaybob development capital is currently funded by its joint venture partner under a multi-year US Dollar 219 million capital-carry commitment, which was designed to support approximately US Dollar 1 billion of gross Duvernay investment.
VISION & VALUES OF ATHABASCA OIL
Athabasca Oil is committed to building and developing its resources with the goal of minimizing its impact on the environment.
Preserving air quality, biodiversity and water quality are considerations which the company addresses in all phases of its projects including planning, construction, operations and reclamation.
The company works with regulators, industry peers, multi-stakeholder organizations and communities to share information and continuously improve environmental performance.
The company respects the environment and the communities in the areas in which it operates.
MARKET PERFORMANCE OF ATHABASCA OIL
Athabasca Oil Corporation trades on the Toronto Stock Exchange (TSX), where investors can buy shares under the stock symbol -ATH.
Data from the company’s 2019 financial analysis shows Adjusted Funds Flow of US Dollar 43.9 million in the third quarter and US Dollar 133.3 million year to date. The company had Consolidated Free Cash Flow of US Dollar 8.6 million in the third quarter and US Dollar 39.3 million year to date.
The company reported a Year to date net income of US Dollar 255.6 million.
The company has a strong balance sheet with total funding capacity of US Dollar 382.3 million including US Dollar 255.4 million of cash and cash equivalents, US Dollar 80.6 million of available credit facilities and a US Dollar 46.3 million capital-carry balance.
The company’s strong financial performance, bolstered by a high-value asset portfolio in an area with a history of high potential, is set to secure a rising share price for investors with strong long-term growth in dividends, providing a solid buy-in for those who choose to purchase shares today.
Buy ATHABASCA OIL stocks / shares – A Step by Step Guide how to Buy / Purchase ATHABASCA OIL Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy ATHABASCA OIL Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN ATHABASCA OIL STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE ATHABASCA OIL STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of ATHABASCA OIL stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy ATHABASCA OIL stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?