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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

Post by Maxmoeon Jan 03, 2021 11:54pm
284 Views
Post# 32213234

Wti hitting 49 overnight

Wti hitting 49 overnightMaybe give back a buck before busting through 50? Every wti milestone shortens the fuse on all of the Canadian energy stocks only this time it's not because they are all about to blow apart! Relative valuations, fundamentals, fear of missing the next double in stock prices makes for a happy new year and the huge operating curve for ATH should make for a huge 2021. A double from here seems easy as we bust through 50 to 55. Throw in the inevitable debt refinancing and omg, another double this year. I doubt ATH survives the year without a takeout but hey it's survival of the fittest, or fattest, or fastest or best connected to the banking weasels! 
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