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 (OTCPK:ATHOF).
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....
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