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  5. ATH: Thoughts on the latest quarterly report. [Athabasca Oil Corporation]
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Q: Thoughts on the latest quarterly report.
Thanks
Asked by Sig on November 06, 2023
5i Research Answer:

Production was 36,176 b/d, down 1.9%. Loss per share was 14c, vs estimates of profit of 14c. Free cash flow was $108M and the company has bought back $113M in stock since April. Guidance calls for lower production, however, after an asset sale of 3,000 b/d. But with buybacks, per share cash flow rose to 24c from 17c. ATH also now has about $100M net cash, a massive improvement from $400M in net debt only a few years ago. The stock has done very well, and thus is a bit more expensive than many in the sector. But still looks good overall. 

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