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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
Comment by lefmikeon Jun 02, 2014 9:41pm
267 Views
Post# 22623176

RE:TECHNICALS

RE:TECHNICALSI would agree with you on the technical if we were talking a company that is operating in a day to day environment with the normal market fluctuations................... This company is far from normal and very far from ongoing day to day operations....................... I'm sure you're aware that they are waiting a massive influx of capital,,,,,,, A whopping 35% increase in the gross value and all in cash. The technical are reading the history of this company. I will be very surprised if the share value is below 10.00 when the money is announced. ............................................. I could be wrong I have often especially with this, Also more to think about, I'm convinced that the share price is being played with, only 500K shares were traded today, something else to consider. Now what happens when the closing of the sale and the money in the bank is announced?..... I'm hoping there will be a lineup of people wanting in or back in, and then the short position has to be covered. All my thoughts nothing more than that.
Bullboard Posts