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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 Greendayon Jan 20, 2021 1:47pm
181 Views
Post# 32334810

VWAP

VWAPEquinor's exit price and the counter party's entry price was most likely contractually agreed too based on VWAP.  In other words, ATH's market price was .22 but the off market (that you guys discovered) cross price of .18 was (most likely) established on the average of ATH's volume and price over the past (most likely) 30 days.  As we know, ATH's market price had been trending higher but the VWAP would have still captured some of the lower priced trades and mathematically average out to .18.  

So should the market have traded down to the exit / entry price?  May have been a good reason for some profit taking by some.  Keystone selling fear by some.  Short selling by others.  A lot of different reasons but it's not likely that the trend higher has been derailed imho.
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