Athabasca Oil Shares Fall 5% With Crude; ATH Lags as TSX Hits Record
Athabasca Oil shares fell nearly 5% to C$11.34 Monday as WTI crude dropped over 6%. The stock lagged the TSX, which hit a record high despite energy sector losses. Athabasca’s first-quarter output averaged 40,242 boe/d, with C$128 million in adjusted funds flow. The company plans to start 12 new Leismer wells later this year and continue share buybacks.