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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.


TSX:ATH - Post by User

Athabasca Oil Corp
Bullboard Posts
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(241)
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Comment by matt2018on Nov 12, 2019 5:22pm
126 Views
Post# 30342243

RE:tax loss selling

RE:tax loss sellingIts hard to say when the dumping stops exactly.
At a mil shares/day, there is still a large float out there.
This is serious Risk/Reward time for this stock.
If you like the assets, the management, the new deals they just made with TC Energy....then it could be a nice opportunity.
But you also have to believe that the price for WCS is going up.
But no one knows when and if that will happen.
Thats why they are hanging on to the cash.  I happen to agree with them on this.
That liquidity is more important than anything else right now, especially share count.
Does not matter how many shares out there if you cant execute a yearly Capital program.


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities