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

Bullboard Posts

Comment by JimmySaysUDieon Dec 06, 2017 3:04pm

22 Views

Post# 27103447

RE:RE:RE:RE:RE:RE:RE:RE:What happened?

You are probably right about after Christmas, given the SP was $1.20 - $1.40ish when oil was hovering around $50 last December you could see a big bump early in the new year, especially if the 2017 Q4 results are better than expected (no doubt will be given this months price of oil). I am just extremely upset at the reaction post OPEC meeting - it literally went up by a penny from open to close Dec 1st. January should be a good month for ATH but be careful after that. My personal feeling is ATH could follow the 2017 trend and continually dip after a peak early in 2018. Might be a good idea to profit take and move into a gold/weed company after that. But who knows what the market will bring or what Trump will do.

Bullboard Posts

Corus reports Q1 profit drop in the face of falling revenue