- Athabasca Oil Corporation is a producer of light oil and thermal oil.
- If the company also continues to benefit from lower western Canadian sedimentary basin supply growth, net revenue will likely creep up.
- If debt levels decrease as noted by management thanks to future free cash flow, demand for the stock will likely exist.
- The free cash flow figures expected by analysts are also quite impressive. Analysts believe that Athabasca could deliver free cash flow of CAD218 million in 2022 and CAD322 million in 2024.
For further details see:
Athabasca Oil: Free Cash Flow Expectations Could Push The Price Up