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 > My take

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Comment by cahclickon Aug 23, 2021 10:59am

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Post# 33748229

RE:RE:RE:RE:RE:RE:RE:My take

Welcome back grumpy
Hope you had a good summer holiday.

Maxmoe wrote: Hahaha, yup, I remember that guy crapping on Ath and nuttall for buying it at 18. Meanwhile he owned parex at 18 which did zippo ytd compared to his dead wrong call on bte and Ath which went up , hmmm, triple? 4 times? Bahaha. Only went up because of nuttall? Hahaha. LoL. Sure didn't help a single one of his holdings in 2020.

EstevanOutsider wrote: Yeap. That's me. Only went up because of Eric Nuttall. No other institutions or savvy oil people (or insiders) touched it. You arent out of the woods. This company is selling precious pipeline capacity. I watch the story out of interest but I don't believe in the management. Let's see.

ManitobaCanuck wrote:

Come on Estevan aren't you the same guy who predicted bankruptcy for this company in 2020 when it was at
18/20 cents . I bought then when you predicted the sky was falling and I made a million on this .
The inherent value is approx 2$ and even if they are liquidated/taken over at 50% price we still make money . I know there is a fourth wave but as Israeli data shows ,it affects only older patients and in vaccinated people ,ICU admissions aren't high .So this will pass in a few weeks and we will see oil test 70$ again towards end of year.

EstevanOutsider wrote: They are hedging 50% of their volumes. At $4 aeco and $60 they wont have that much FCF. Athabasca needs a better oil price otherwise survival will be meager, assuming they do.