Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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.

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Athabasca Oil Corp

Bullboard Posts

Post by Makemoney3on Dec 03, 2014 2:39pm

147 Views

Post# 23191225

You know..

this cycle we are presently in won't last forever. I bought at 7.93 on Aug 30 thinking we could see a nice pop from the financing announcement.

Since then, the price of oil has tanked and taken every oil company with it. ATH is no exception.

The upside is that ATH is well capitalized and will survive this. CLL is not well capitalized and is in trouble.

A short term sustained move of 5 -10 dollars in the price of oil will squeeze out alot of shorts. People need to step up and start buying at these prices b/c once oil moves back up, alot of money will be made.

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