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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

Post by indoubtgetouton Jan 19, 2021 4:32pm
161 Views
Post# 32329206

Somebody Just Wanted Out

Somebody Just Wanted OutThere was a build up of sizeable bids and some institution wanted out so they hit all the bids on the ladder.   Simple as that.   ATH will work itself back up again.    ATH is not a speculative exploration company.   The had secured XL pipeline capicity to provide for future production increases but current production and shipping should not be impacted.  Markets are getting spooked and OVERLY concerned about Biden.   Still no reason to sell - ATH story is much more dependent on WCS prices than XL.  
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