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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

Comment by Hendrick3on Jan 11, 2021 11:57am
231 Views
Post# 32267310

RE:Plain and Simple

RE:Plain and Simple

I agree that ATH is underpriced and has some upside from here. I am long the stock. 

But there is every reason that it will remain well below a $1. On a relative basis to other players, its performance is horrible. It's market cap is over $100million and at a dollar it would be worth half a billion. That would be extraordinarily high relative to players who produce much more cash such as BTE, OBE. Just saying it has upside but when it's over $1, these others should be over $4. There are tons of amazing buys out there. 

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