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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 smallcaptdron Jun 20, 2023 2:13pm
141 Views
Post# 35505729

Selling under $70 Oil makes zero cents!

Selling under $70 Oil makes zero cents!Still, after months of watching Oil dipping below $70 and rebounding back investors haven't learned a thing. Everything negative but the kitchen sink has been thrown at Oil and $70 stands firm so selling in the eye of the storm or below $70 never proves to be a smart move or selling shares well below market value indicates zero wisdom where patience will prevail. China May Oil reports a slight decline from Apr record high! so China's Oil demand still remains high I don't know if investors can't read or if their calculators are busted. Unfortunately, these investors who sold won't feel the true consequences of their actions till they wake up to Oil rallying towards $80+ which will happen,  if Oil is staying above $70 with everything that happened then it's not going to take much to turn this course around and just as trees only grow so high the same stands true that tree's only burn till they hit the ground before a new one grows from the ashes. Be patient Oil's time to rally is coming.
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