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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 Aug 05, 2014 6:23pm
306 Views
Post# 22811603

This stock should be up today

This stock should be up todayconsidering the news that came out and the opening price, the stock should have done well today. someone is selling a lot of shares but not sure why. IMO the deal will get done at the contract price but I am confused about the price action. I guess the optimistic view is that someone who had a lot of shares is too nervous or can offset the losses with gains in other areas and wants to dump a lot of stock. on the negative side there are a ton of shorts and maybe someone has actual inside knowledge (not surprising on the TSX as the OSC seems very lenient on insider trading) compared to the person quoted in todays news stating the deal will be done in the next couple of months. Seems like a good buying opportunity to me but a little fearful about the price action and the amount of shorts. In my mind shorts and options are usually the smart money. glta
Bullboard Posts