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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 williammstanleyon Nov 10, 2014 3:59pm
422 Views
Post# 23114714

Decline in SP

Decline in SPI find it interesting but not coincidental that around the time that the PUT came through there were a number of articles which addressed the issue of ATH becoming a target. With all the new dough and assorted assets those articles made sense. One article in particular went so far as to say that a JV had better be announced ASAP afterward to get the SP up and ward off any such unwanted act...as a Hostile Bid.

interestingly, there were no said JV and the SP has since been in a relentlous free fall to such a low level that no offers would be accepted by the board or us as shareholders. 

When the next big news is released,,prob a JV, ATH will move up to its NAV and appreciate from there as the Oil starts to flow into 2015
Bullboard Posts