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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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.


TSX:ATH - Post by User

Bullboard Posts
Comment by stock123on Apr 10, 2018 7:59pm
100 Views
Post# 27863243

RE:RE:Illegal insider trading in ATH? 6.9 million shares traded!!!

RE:RE:Illegal insider trading in ATH? 6.9 million shares traded!!!THRK, thanks for your feedback. I did read the 4Q 2017 press release when it came out. And I agree that some of the recent trading activity must be related to that press release, and the hiring of RBC shortly thereafter. But, I also suspect that someone somewhere has been using insider information to illegally trade the stock. It makes no sense to me that the stock would suddenly trade 6.9 million shares on April 5, including one single trade of 1.5 million shares, and jump 10% on no news. For example, the total trading volume between March 26-29 was only 189K shares, but reached almost 12M shares between April 4-9, (60 times higher). The 4Q 2017 press release was issued on March 7, yet the the stock didn't do anything for more than a week. The stock only started moving up on heavy volume on March 16 and it is up almost 40% on 29 million shares traded since then. I realize that ATH is a penny stock. But 29M shares traded still represents between $30M and $42M. That's a lot of money! Why would there be all of a sudden so much interest in ATH without any no new news? I have a hard time believing that illegal insider trading is not behind the recent spike in trading activity. Everybody says that illegal insider trading is difficult to prove. In my view, it would be easier to prove and less rampant if the regulators and the judicial system did their jobs.  
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