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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 Hendrick3on Feb 04, 2021 5:40pm
321 Views
Post# 32479457

Happy for Athabasca holders but...

Happy for Athabasca holders but...The stock had not seen 30 cents in almost a year and celebrates by closing at.365. That makes it an almost $200 million market cap company which is well over double BNE, OBE and other cash flow positive companies and just under half of BTE. Unless there is a deal coming, I presume it will start back down in the next couple of days. These guys were cash negative for most of 2020 and very negative free cash flow. I exited today at .36 and I am astonished it has done so well. Just don't forget to take some profits if you are up on this name. There are still some other beaten down names that are waiting for their day in the sunshine. GLTA
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