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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 canadagooseon Jan 21, 2021 5:20pm
446 Views
Post# 32355137

Not good news with new shareholder disclosure

Not good news with new shareholder disclosureI decided to exit my position at .20 today and glad I did. I really wanted a back stop to the almost $700M of ath debt. Instead we get a horse and pony show on the stock from an oil analyst that has made his day trading his hobby now. Without a major oil producer taking a key position every day is a ticking time bomb on ath debt. With more oil analysts call for higher prices they have tempered their expectations for this year because of the vaccine delays and shutdowns. Unfortunately ath does not have that time on their hand. When you hear the oil analyst talking it up it is time to exit your position. It's always wise to be out of your position before him !!! Mark my words on this one for sure ! Ath does not need a dog and pony show promoting the stock, they need a back stop on the debt. Without that they are done ! The fact that I'm sure the industry was aware of share sale and no company stepped up is not good a good sign. But, good luck to all !
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