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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 ZeroIzzueon Apr 11, 2016 9:55am
123 Views
Post# 24751233

RE:Value of ATH

RE:Value of ATHPrimarily from short interests, and doubts of the Murphy deal not going through. Murphy has been cutting costs and recording losses, and with the delay in finalizing the deal from Q1 to Q2, there is a reasonable speculation of the deal falling through.  Adding onto the breakeven production cost of $40 a barrel, it creates the $1 stock price it is today. Ath is however by far is the safest bet imo compared to other oil stocks out there. Strong assets and cash-on-hand, relatively low debts compared to others in the industry. There are a few roadblocks/events up ahead that can really challenge or boost SP. 1) Annoucement of Murphy deal, 2) Successful refinancing of debts with creditors, 3) Doha meeting/OPEC decision.

Bullboard Posts