Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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.

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Athabasca Oil Corp > Take Under?

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Comment by Maxmoeon Jan 20, 2021 3:13pm

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Post# 32335741

RE:RE:RE:RE:Take Under?

If you're looking for a boring wet blanket explanation, maybe a big hedge fund or bank bought the block at 18 and is happy to just keep peeling it off at 19 or 20. Seems like a huge bite to chew for a profit of 1 or 2 pennies per share. Even on a 100 million shares, doesn't seem worth it.

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