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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 Torontohomer1on Nov 11, 2019 1:56pm
113 Views
Post# 30336165

Share Buy Back

Share Buy Back
While I am excited the company has decide to buy back some shares, I am frustrated that this is the most short friendly share buy back in history. Not only do the share manipulators that drove the price down have all the time in the world to cover their positions, they can do it in a way that the there is no short squeeze at all to raise the price (see the trading action since a 8+ million cash add and share buy back announcement). From the moment they announced the intent to sell the infrastructure assets, press releases mentioned a possible share buy back. The delay for shareholder approval of capital requirement rules should have been done along time ago. Frustrating.
Bullboard Posts