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 > Lord Eric Nuttall

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Comment by retiredcfon Apr 03, 2024 6:51am

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Post# 35966935

RE:Lord Eric Nuttall

Commonguy wrote: Once again , too many investors are glued to all Eric Nuttall is promoting. Bear in mind he enters positions in companies to benefit his clients and not all his moves are true gems. Baytex and Tamarack are two such examples as well as exiting Athabasca previously. Eric still promotes Cenovus and maybe why he would like ATH share to decline making it cheaper to be bought out by CVE. ATH crosses all the boxes and will continue to increase with or without EN!

Couldn't agree more. First of all, EN needs to look after his account holders who have been through some very tough times over the past few years. So if he can punch out with an 80% profit for them, more power to him. Besides, he's always on the hunt for potential doubles or more which explains why he also sold off most of his long time favourite MEG yesterday morning.

As for ATH, if Nuttall was the only analyst covering the company, then perhaps you could understand why investors might follow him out the door. But of course, that is not the case. We have analysis from Eight Capital, BMO, Stifel, Desjardins, ATB, Canaccord, RBC and TD. The last four of these have a $6.00 target for ATH and that was before the price of oil began taking off due to the ever increasing turmoil in the Middle East. GLTA

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