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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
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(241)
•••
Comment by matt2018on Feb 21, 2020 9:46am
103 Views
Post# 30717101

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:House 053 Morgan Stanley

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:House 053 Morgan StanleyATH right now is trading like..... no one really wants to buy strong and no one really wants to dump it either.
They are waiting for Q4 report (here is where management knows they have to get it right in terms of liquidity comments and make sure they are doing everything possible).
Investors also waiting for near term and long term effects on economy and energy supply/demand due to Virus shutting down China right now.
On top of that, you have many funds shying away totally from fossil fuels investments.
(they want to look good to their climate fear investors).
It's a difficult time to be in energy right now.
But, as we have seen before (and history tells us this), high profits always bring investors back to a sector.
You have to show them the money.
$70 WTI would do that, a few new pipelines wouldn't hurt either.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities