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.

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Athabasca Oil Corp

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Post by Roberto8024on Aug 21, 2013 11:43pm

346 Views

Post# 21688455

I sold out today took a loss.

Too many unknowns for me to see it get back to my $9 break even for me. So whats the strategy to get these assets into production? In order for this stock to reach max potential they need to rely on joint ventures and cash infusion which in the current market is going to be difficult. Add the issue with cost of getting oil to market and which market is another problem. I will trust Nuttall on this one and assume this is the reason everyone sold the pop. I'm gonna buy LEG instead and hope to recoup my loss before tax season selling.

GLTA

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