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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 Maxmoeon Jun 13, 2022 2:22am
490 Views
Post# 34750859

Any index experts on this board?

Any index experts on this board?Not jackholes like me that think they know the answer. If Ath is added as part of the index on the 20th, what are the exact mechanics? Does the index for the sake of following the process only, not literally, "buy" shares of ATH at the open using prior day close? Or "buy" at close on the 20th? Or, here's a tricky alternative, does it "buy" on the 18th, at the open or close on the 18th, so it's settled on the 20th? Does anyone know for sure how it works? Doesn't really matter unless you're flipping over the next week, I'm just curious. My guess is when a stock is "added to the index" on the 20th, the "buy" happens effectively pre opening on the 20th such that any impact from the stock price move on the 20th is reflected in the index move that day. As for T+2 settlement I assume that's more of a tax issue and like a mutual fund striking it's NAV everyday, it's done on a trade date, accrual basis, not cash settlement date basis. So if I'm correct, actual index fund managers will want to add however many shares they need to rebalance as at the close on the 19th and likewise they will want to punt whatever is dropped from the index at the same time. Anyone? Bueller? 
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