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

Bullboard Posts

Comment by FrankoLon Oct 18, 2013 7:47pm

187 Views

Post# 21829503

RE:RE:On a more personal note,

haha, no I am not. Believe it or not, but I started to trade ath in june and even with today drop I am still +10 - 15 % of this stock, because I keep selling on spike and buying back after a few days/weeks. The shares I currently own are at AVG of 6.8 $, thanks to the share I bought today. I was betting against an appeal process, but I can't alway win.

Now, I am betting on a quick cabinet approval and a Duvernay JV, with not much downside left imo. The light oil assets are worth 3 to 6 $ alone. If you add the oil sands and the infrastructure assets, the stock is clearly trading at bankruptcy level.

Bullboard Posts

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