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Bullboard - Stock Discussion Forum 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... see more

TSX:ATH - Post Discussion

Athabasca Oil Corp > Volume Recap
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Post by cahclick on Oct 16, 2021 9:42am

Volume Recap

Like others, I noticed increased volume and what seemed like an attempt to control trading range recently - until yesterday :)
It started 3 weeks ago on a Friday. I added up the total volume traded from Sept 24 up to and including yesterday. Total volume for the 15 trading days was 86.86 million shares for an average of 5.8 million per day. Then I looked up the long term average volume and it is 2.6 million per day. So the difference 5.8 - 2.6 = 3.2 additional shares per day for the 15 trading sessions. If you take the difference of 3.2 million x 15 days, it amounts to an ADDITIONAL 48 million shares traded.
So, it could be Nuttal or could be the other party that took the other 10% of shares when Equinor exited or could be neither but the increased volume matches up pretty well.
Anyway, just a wild azz guess but it's a maybe.
Trading action in last half day yesterday appeared different to me.

$1.08 is a fantastic end to a great week, great month, great year !


jmo
glta

Comment by cahclick on Oct 16, 2021 9:53am
AND I forgot to include with my previous post - somebody or somebodies bought all those extra 48 million shares and they're looking to make a buck so that gives me confidence that ATH still has legs !   Jmo glta
Comment by MrICE on Oct 16, 2021 12:29pm
I totally agree with you and your math.  I don't think it was Nuttall only because he disclosed he still had most of his original shares Oct 1. I think it was the other 10% owners getting out. now that they seem to have sold most of their shares things are happening. Same it could be a wild azz guess but maybe. Could be something to do with the financing too. Volume was just too high ...more  
Comment by ComradeKomissar on Oct 16, 2021 1:27pm
Don't think it was Nuttsac either. Selling pressure should ease leading up to Friday's update.
Comment by NWOntario on Oct 16, 2021 6:36pm
My guess is will be marked in less than a month, we will see the reduction if one exists. Personally I sure hope Eric is trimming his shares in Ath as his cost base is very low and he needs to trigger gains as he has to answer the phone during a correction. And I applaud him selling if his current thesis is still a $70 floor and $80 plus is still abit too early. Therefore he must trim so has ...more  
Comment by ComradeKomissar on Oct 17, 2021 12:23pm
 I am very ready to buy a large amount of Ath at .90!!!   Good bye, and good luck
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