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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 Mindseton Oct 15, 2021 7:41pm
316 Views
Post# 34012529

RE:RE:RE:Technicals/fundamentals

RE:RE:RE:Technicals/fundamentals

Well the powers that be flipped the switch and started supporting prices. Saw this especially with TD at 1.06. Definitely helped made sure buyers paid up for shares. I'm not a conspiracy theorist but just my observations. At the end of the day you can only sway it so much one way or the other. Everyone is protecting their interests and demand will always rule the day.

As long as oil cooperates and the guidance on Friday is well received we can continue to push further higher. By this time next year everything be constant, we should be trading well within a 2 handle if not higher. 

Things are looking up. 

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