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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 rexrexon Jan 12, 2021 9:12am
308 Views
Post# 32274528

Pass the Point of No Return

Pass the Point of No ReturnAth trading range last 52 weeks was $0.10 to $0.52. Since it's low Ath gas rebounded to the $0.22 level. Now it has past the point where shares could be accumulated for less than $0.20 cents. Assuming WTI oil maintains a floor price of $53 to $55., ATH is profitable. Slowly overtime ATH will reach the $0.30 cents range and trade between $0.30 cents to $0.35 cents. Once vaccination processes speed up, expect ATH to break $0.35 cents and move over $0.40 cents range. In time it will cross $0.45 cents and eventually cross $0.50cents range. Market sentiment is projected to improve after winter. Expect frenzy trading early spring as excitement builds on mass vaccination and opening of the economies. By end of spring to early summer expect ATH to cross $0.75cents and trade between $0.75 cents and $0.85 cents range. Once their debt is rolled over under lower rates, expect ATH to cross a $1.00. By this point in time expect ATH to be trading between $1.10 to $1.25 cents range.
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