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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 indoubtgetouton Jan 19, 2021 5:51pm
215 Views
Post# 32329711

RE:What is going on here??

RE:What is going on here??Unless there is some clarification of why the volume sell off that occured late today by the open tomorrow, ATH likely down another 20% plus.   Wouldnt be surprised if ATH traded down 50% when all said and done - again, should there not be public information to explain the drop today.  IT DOES SEEM UNUSUAL but maybe not.   ATH is dependent on WCS being higher and all Alberta heavy oil producers are dependent on transportation.   Hopefully, it is some stupid seller and there is a smarter buyer out there - ATH is undervalued as an operating company but not as a pure asset play. 
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