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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 powermanon May 18, 2015 4:57pm
135 Views
Post# 23739110

Base Formed in the $2.10 Range over the past 6 months.

Base Formed in the $2.10 Range over the past 6 months. ATH looks like a good buy opportunity on any dip from here. It may follow oil lower at some point but the market makers indicate a strong base to work from. I was looking at trading up from a $1.80ish but now I'm looking more at a $2.00 hold. Probably start with a covered call with $2,00 strike price and look for an opportunity to add more with an in the money option. Things could turn very positive for oil by November and I want 25% of my money into energy when momentum starts moving us forward.  DF


Bullboard Posts