Athabasca Oil Reports Strong Growth and Share Buybacks
Company Announcements

Athabasca Oil Reports Strong Growth and Share Buybacks

Story Highlights

Athabasca Oil (TSE:ATH) has released an update.

Athabasca Oil has reported robust third-quarter results with strong free cash flow, driven by operational momentum and strategic share buybacks. The company achieved an 8% production growth and forecasts significant cash flow growth, supported by favorable oil pricing and a solid balance sheet. Athabasca remains committed to returning capital to shareholders, with plans to allocate all free cash flow to share buybacks in 2024.

For further insights into TSE:ATH stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyAthabasca Oil price target raised to C$6 from C$5.50 at RBC Capital
TipRanks Auto-Generated NewsdeskAthabasca Oil’s Q3 Success: Strong Cash Flow and Share Buybacks
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App