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

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Post by STOCKMAN70on Oct 11, 2013 7:34pm

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Post# 21812251

Top by John Zechner today

Ath was his top pick today: go to BNN.com for more info.

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Athabasca Oil (ATH TSX) - Recent Buy at $7.10
Value of light oil assets alone can justify current stock price and that ignores potential value in massive oil sands projects at Hangingstone, Mackay, Dover, Dover West and Leduc, plus the $1.3 billion put agreement with PetroChina, which is awaiting final approval. The asset value of the company is in excess of $20 per share.

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