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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 Aug 14, 2014 8:19pm
186 Views
Post# 22844410

RE:RE:RE:RE:RE:RE:RE:The smell of Roses

RE:RE:RE:RE:RE:RE:RE:The smell of Roses I doubt that there could be a hostile at 8-9 dollar level, reason being,.......................................................................... 1) the CEO owns over 13.7 million at an average price of around 6.10.''''''''''''''''''''''''''''''''''''''''''''''''' Zam has more than 34.5 million at 7.43 per share so they aren't going to accept that kind of price and Blackrock has almost 13 million at 7.51 meaning they alone could put up one heck of a front to stop any kind of takeopver action, not even counting the small guys who are in @ 8 Plus. Remember there could very well be 10-20 million shares that are hedged at greater than $ 12.00 as that is when the shorts started showing up, so a lot of those could simply be hedge shorts that could be taken off the table when the SP reaches a price to almost guarantee the original shares a profit in the 12.00 area..............................................I may be way out in left field but I haven't been too concerned about those shorts until they increased two months ago when I thought they would start to drop..... then we got hammered and the SP started tanking..... The writing was on the wall that this was not over I just didn't; follow my instincts .... Maybe now it will be .. Who is to say, maybe those shorts were related to insiders LOL.. Anyway I also believe that this will eventually take off and I will stay tight, keeping me set shares and a number to play with.
Bullboard Posts