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 > Broker Upgrades - Eventually

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Comment by bosstradeon Jan 16, 2021 7:16am

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Post# 32312752

RE:Broker Upgrades - Eventually

Agree, somewhat. Anything under $2 is a steal for a takeover, with the cash they have and generate at theses prices debt is repaid quickly. That means all the assets are free and clear in short order leaving a cash cow with long life reserves. Big Oil companies know this. So I imagine there is a deal already in place. Shorts left for a reason.

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