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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

Comment by Greendayon Jan 27, 2021 10:52pm
150 Views
Post# 32406520

RE:RE:RE:This is what we know

RE:RE:RE:This is what we know@ rexrex - There could be an argument made that ATH's share price will do better when it's shares are held by a financial entity or entities as opposed to a major oil company. 

The primary source of income for a major oil company is oil production, distribution, and so forth.  On the other hand, the primary source of income for a financial entity is share price appreciation.  So who has the greater incentive to get on TV and social media to pump ATH.  One could easily say that it's the financial entity.  

Equinor is one of Europe's biggest oil companies and ATH's share price could hardly have done worse.  Big oil has become a political target by the far left people and it might be easier for financial people to combat their narrative.  It was probably a good time for a change in the shareholder base.


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