Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.

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Athabasca Oil Corp

Bullboard Posts

Comment by chalkmarkson Apr 11, 2010 8:32pm

481 Views

Post# 16979989

RE: RE: Chalkmarks' Crystal Ball

"They can't let this flop, can they?"

Well, they could - it's just very unlikely unless crude oil futures drop sharply this month.

It's not as if the brokers were unaware of the freeing up of private paper, and the existence or non-existence of pooling agreements and lock-ups. IMHO, they will let ATH shake out for a day or three, then jam it back above $18 to sell the 15% over-subscription. There's too much commish there to let it just slip away, never mind the professional embarassment of not knowing WTF is going on with insider's paper on a Billion$$ deal!

All IMHO - make your own bets.

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