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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 goldopportunityon Sep 14, 2014 6:03pm
266 Views
Post# 22935173

RE:Price target

RE:Price targetI don't follow ath so I know nothing about the fundamentals.  But just looking at the ta for the cdn chart I would say ath most likely has bottomed out in the st and you could expect the sp to head to the 200dma.  Very simply, friday was an inside day, the accum/dist has bottomed imo and looks ready to move up, the fast sto has levelled off and the wm%R has bottomed out.  But the piece de resistance (and most intriquing) may be the virtually neutral cmf -- basically the so-called smart money didn't throw in the towel during the downdraft of the last couple of weeks.  So to answer your question, ath has a much better chance of reaching C$7.50 than it does reaching C$6.00.  Hopes this helps.  Jmvho.




goldopportunity
Bullboard Posts