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Athabasca Oil Reports Record 2024 Results and Strong Shareholder Returns

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Athabasca Oil Reports Record 2024 Results and Strong Shareholder Returns

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Athabasca Oil ( (TSE:ATH) ) just unveiled an update.

Athabasca Oil Corporation reported its 2024 year-end results, highlighting record cash flow and significant reserves growth. The company achieved a 7% increase in annual production and a 102% per share growth in adjusted funds flow. Athabasca maintained a pristine balance sheet and continued its strategy of returning capital to shareholders, completing $317 million in share repurchases and planning to continue share buybacks in 2025.

More about Athabasca Oil

Athabasca Oil Corporation is a company operating in the oil industry, focusing on top-tier liquids-weighted assets, specifically Thermal Oil and Duvernay. The company aims to maximize cash flow per share growth by investing in competitive projects and has a framework for returning capital to shareholders.

YTD Price Performance: -24.02%

Average Trading Volume: 309,487

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.52B

For a thorough assessment of ATH stock, go to TipRanks’ Stock Analysis page.

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