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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 downkarmaon Jul 09, 2014 3:32pm
109 Views
Post# 22730009

RE:RE:RE:RE:RE:RE:RE:RE:Is the $1 billion check in pesos

RE:RE:RE:RE:RE:RE:RE:RE:Is the $1 billion check in pesosI absolutely agree, it'd be an ugly day if the $1.2bn were put in jeopardy, if anything we might see a 5% bump. What the market needs to see is what AOS plans to do with that cash, which means JV. I'm sure management is working on this, and likely any partner will wait to see those funds in Canada before signing the dotted line. For now it's a waiting game, I hope to see development in the Duvernay with a big partner, but we all know how long they take to make moves. 

Then we continue to wait, for HS to come online. If we see results inline with projections and few operational setbacks only then expect to see the share price reflect the real assets this company owns. It's not going to happen overnight. I'm long.
Bullboard Posts