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 > No need to panic ….

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Comment by cahclickon Jun 19, 2022 9:15pm

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Post# 34767945

RE:RE:No need to panic ….

I've already got bruises on my knuckles from sitting on my hands but still think it's the best decision.

Maxmoe wrote: I've already made a killing as have many many others. When the broad markets tank like this it's very tempting to raise cash levels to 10 or 20% in case it drops more. It's also telpting to buy Microsoft, Tesla,etc after they drop 20-30%. I'll stay with ath and my other oil stocks. High inflation and interest rates don't matter when they are debt free and oil is over $100. Traders and flippers need the occasional burn to learn they are not as smart as they think, and their jibber jabber technical analysis is useless as a predictive tool.

BLACKJACK86 wrote: the company will save 17 million per year on interest expense alone after cutting 175 millions off their debt, also their edge will be mostly gone by year end , that's gonna be a huge boost to earning.
They're sitting on 190 millions of cash right now , Biden is slowly emptying the SPR with almost no effect on WTI, they will have to replenish creating even bigger market demand.This is a perfect name to day trade, high volume with wild swing , but if you're in it for a medium to long time span like I am , you will make a killing with this company.