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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 27, 2014 5:40pm
245 Views
Post# 22884015

Potential for short squeeze if they get the cash

Potential for short squeeze if they get the cash Seems to be grinding higher on medium volume last few days. If they get the cash I can see a situation where the shorts get squeezed. In part because of the opportunities the cash provides for the company including how much more attractive they are as a JV partner with cash for their side of the JV. Not sure if it has been mentioned but there are a massive amount of Jan 9 calls equivalent to over 17mil shares. Not sure if that's insurance for a large short position or someone believes that there will be a lot more certainty in by January of next year. I believe those the majority of those options were traded quite some time ago. I have a fairly new position from the recent drop into the 6's and holding on for now. Be nice to see the price of oil rise to add support to the price of ATH and the rest of the sector. GLTA
Bullboard Posts