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 smarttrader2015on Oct 06, 2019 9:08pm

123 Views

Post# 30201886

RE:RE:Athabasca is hiring

Well I dont think people will resign in this environment! For sure they have a plan and they want to grow further. It wont be a surprise if they hear that they are merging with Pengrowth or buying a smaller producer.

This company is extremely undervalued when considering the cash in hand. It is trading like they are going bankrupt in two years and they are not able to pay the debt. However does not true they have 425M$ liquidity and they are able to refinance easily.

I feel someone wants to push it down for a reason. Not sure why this company is being targeted!, maybe a big company wants to buy them for cheap...

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