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Athabasca Oil Announces 2025 Budget Focused on Cash Flow Per Share Growth and Directing 100% of Free Cash Flow to Shareholder Returns
- Detailed price information for Athabasca Oil Corp (ATH-T) from The Globe and Mail including charting and trades.
The press release from Athabasca Oil Corporation, dated May 10, 2024, discusses the company's first quarter results for 2024. Athabasca Oil reported a significant increase in production, with total liquids production reaching 35,755 barrels per day, up 16% from the previous year. This growth was driven by strong performance at Leismer and Corner, with Leismer achieving a record production rate. The company also highlighted its financial health, noting a free cash flow of $101 million, which was used to reduce net debt by $55 million, bringing it down to $117 million. Additionally, Athabasca Oil announced a new $150 million share buyback program, reflecting confidence in its future cash flow generation capabilities. The company also mentioned ongoing strategic initiatives aimed at enhancing shareholder value, including potential asset sales and further debt reduction.
Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/ATH-T/pressreleases/29921572/ ]
Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/ATH-T/pressreleases/29921572/ ]
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