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

Comment by Piperdownon Jul 30, 2015 8:39pm

99 Views

Post# 23978240

RE:RE:operating cash flow is now positive

It's not going to the moon that is for sure. It will depend if the oil price is up or not. I think this earnings report won't help it or hurt it. They really aren't producing anything. Their cash position went down like 100 Million. Nothing too major though. This will follow the oil price for now. Let's see if oil can put in a bottom here in the upper $40's, so energy plays can bounce, before the fast approaching tax loss season is upon us. There will be a lot of tax loss selling pressure across the board with energy stocks this year.

Bullboard Posts

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