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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.

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Athabasca Oil Corp

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Comment by lostinthedreamon Aug 28, 2015 1:28pm

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Post# 24060065

RE:RE:RE:ATH not joining the party

I'm guessing most are in around 5 bucks, if they averaged down, & as we all know there has been lots of opportunity to do so - provided they were willing to throw more cash at this pig.

I've got a 1.54 average myself. Started buying at 2.10, and contined to buy at the major dips.

Provided oil doesn't do anything stupid - drop to 20 bucks - which I am not expecting for a plethora of reasons, I am happy to hold this until 2020, when it will be a MUCH bigger producer than it is now.

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