Northern American oil production is booming, thanks to both unconventional oil and the Canadian oil sands. One company that saw this coming and amassed a huge land base in both unconventional oil and the oil sands is Athabasca Oil (ATHOF.PK).
Athabasca Oil has some lofty growth plans ahead of it and my valuation work shows that it already trades at a pretty steep discount to the value of its assets.
The above graph lays out the production plan for Athabasca Oil through 2020. From a standing start of no production this year, Athabasca is planning to hit 250,000 barrels a day of oil production by 2020. Half of that production will be oil sands, half unconventional light oil....