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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.

TSX:ATH - Post by User

Athabasca Oil Corp

Bullboard Posts

Post by Roberto8024on Aug 20, 2013 2:07pm

331 Views

Post# 21683989

Something does not add up

Because Nuttall is a fresh target I will use him for this discussion. He was pumping the stock at $6.90 on BNN on July 30th with a $3.30 upside once the ERCB approval was done. However, yesterday he said he sold his holding for a trade between $8.40-$9.00. So he obviously does not think the 1.3Billion will translate to an automatic share increase which would bring it back up to $10.00.

So the question still is what is the problem.

Bullboard Posts

Rich TV Live's Stocks to Watch this week (Jan. 10, 2025)