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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

Bullboard Posts
Post by STOCKMAN70on Oct 02, 2013 6:16pm
246 Views
Post# 21785997

Feels like short covering

Feels like short covering friday's big move felt like short covering to me.  typically there is not much action on friday's so looks like they took the oppotunity to cover.  reason that it seems more likely short covering as opposed to buying is that there was no follow through in this week. 

i would have expected the AB approval by now but maybe other posters were correct and the gov't is awaiting the appeal decision. 

is there anyone who knows how long the appeal decision will take?  seems like the courts don't move quickly in these events.  if there is no substance to the appeal would the decision come out more quickly?

glta
Bullboard Posts