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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.


TSX:ATH - Post by User

Athabasca Oil Corp > Short position climbs/ Tomorrow Oil rebounds
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Post by smallcaptdron Sep 07, 2022 10:06pm
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Post# 34948454

Short position climbs/ Tomorrow Oil rebounds

Short position climbs/ Tomorrow Oil reboundsThe latest short report is out for ATH and is at 36,978,048 there have been -236,532 covered and I suspect with the recent downturn in crude that this number could swell as traders decide to short that is if Oil stays in the $80+ I've also added the link to the latest insider trading. Canada raised the overnight rate today by 75% to 3.25% and for the next 2 days, there's no real US data being released so we will see Oil rebound as traders will run it up over $3+ in order to sell the cheaper Oil that has been bought. Remember when Oil rebounds not to run the SP up to levels that it was trading at when Oil was at $90. Even with tomorrow's rebound remember that Oil remains in a downtrend. GLTA

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