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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
Comment by wallop13on Nov 07, 2015 11:21am
74 Views
Post# 24269644

RE:RE:Ath will be up - 230% is being forecast by TD bank

RE:RE:Ath will be up - 230% is being forecast by TD bank
bigbird456 wrote:
2015ideaman wrote: quote from wallop13 - I don't agree. He's been top dog for what..... 6 months. He's got the experience to make this company a large producer. Broen was trained as an engineer at the University of Alberta in Edmonton, then spent three years working for SaskOil as an operations engineer in the field in Saskatchewan. He embarked on an 18-year career with Talisman Energy Inc. as an operations engineer posted in Wainwright, gradually working his way up to Grande Prairie field manager before moving back to Calgary to work as senior manager of supply chain for the worldwide operations of the company. Shortly after John Manzoni replaced Jim Buckee as CEO in 2007, Broen was tapped to help Talisman expand into shale plays in the United States, eventually being named president of its new U.S. shale division. He spent three years stationed in Pittsburgh growing northeastern U.S. Marcellus and Texas Eagle Ford shale production from zero to about 100,000 barrels of oil equivalent per day.
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end quote...

ath has sold several assets to get to this position of strong assets, and oil production...this invetsment was huge... they even paid out to all shareholders one time I beleive it was $5.00 per share...I missed that big payout, dam ... but here's the thing -

they have quality assets with big oil reserves....

they can develope them slowly or look for jv capiatal partnership

either way ath is going to be developed more and more...

once oil prices return the interest in ath is going to grow very quickly

oil is at or very near the low, it's only upward from here

shorts have been reducing, but there are enough left to make a sp spike happen very fast

350 million shares are not being shorted

less the 1/2 of 1/2 of 1% of shares are sold daily

you can figure our the rest of the story...........

cheers




im shorting 60'000 too 150 000 daily sure one day I may have too cover but it won't even make a dent into my short position loss I'm up a shiat load 



I'm not sure what you mean by shorting daily, but if you've made money then good on you. That's the name of the game. If I thought I could make money shorting Ath I would, it's just way too promising from my view point. It kind of makes me wonder how informed people are.
Bullboard Posts