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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 Duxingon Nov 24, 2017 5:40pm
151 Views
Post# 27028526

Looking for a massive sell of and buy is a day dream

Looking for a massive sell of and buy is a day dreamHere is why: 
1. if no deal, there will be a crush and you will not buyChance of no deal is 0.
2. oil stock has been depressed badly because of the uncertainty of OPEC cut deal extension. Once the deal is announced, The depression will be fully released. Oil price may pull back a little bit because it had rallied a lot in November. However, oil stocks will not because oil stocks have never risen to the level That matches current oil price.

Under a stable oil price between 55 and 60, many medium oil producer stock should have been doubled or tripled, but most of them only rose around 50%! Opec deal will at least bring a stable price within that range.
Bullboard Posts