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 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.

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Athabasca Oil Corp

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Comment by bosstradeon Feb 12, 2020 8:24am

117 Views

Post# 30679450

RE:RE:RE:RE:Tech's new development worth $20.6 billion

Use Pengrowth as a case study. Seymour 20+% ownership vs stat 20%, shorts drove pengrowth down as they have ath. Aquired all the way down. Management voted to sell for pennies. Shareholders never had a say. Said they couldn't refinance but the same banks lent cona. Lengrowth made a small profit it's last quarter.
Without a couple of big companies investing, were at the mercy of the company shorting.
Management has to to refinance and roll the dice on share buy back like they committed to shareholders. 20mil will put shorts on notice

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