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 > Too much insider selling?

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Comment by filefishon Apr 06, 2021 5:02pm

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Post# 32943663

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Too much insider selling?

I go back to 2013 with ATH. And while I was lucky enough to buy some shares last year as low as .09 US$ , I was so uneasy that I sold them shortly thereafter for .18 . I have retained a core holding but my basis is significanlly higher than todays price. Thats explains my concern about all the stuff going on here.

Chris007 wrote: lol...I know I was dumb enough to jump into this name a couple times over the last 5 years (and so have plenty of others on this message board)...got burned last several times to the tune of 15-20% losses...this time around, getting in at .195 has been by far my most successful attempt at buying ATH

filefish wrote: Chris, agreed...
But lack of insider participation is understandable. When in the last 5 years has there been any positive enough outlook with ATH for insiders to risk their personal funds into this company. AGM is coming up in 30 days. Hopefully there will be lots of questions and hopefully some straight answers. Time is running out.

Chris007 wrote: lol...unless there is a large dissatisfied institutional investor involved, looking to shake things up, most items on the proxy form will just get rubber stamped and passed

I wouldn't hold my breath in regard to the compensation question. This really isn't an ATH specific critique, this is basically the case with all public companies.

That being said, atleast insiders of other Canadian o&g companies once in while have the decency to buy some shares on their own, rather than just having all their shares "gifted" to them...this lack of insider buying is something pretty unique to ATH.

filefish wrote: Godzillaman,
Go back and look at the ATH Form of Proxy for AGM in 2018
Both Stock Options and Rights were on the ballot for shareholder vote.

Lmao, yeah imagine the sh-yt show AGM's across the board if that was the case. So would AGM's also be the vessel for shareholders to vote on budgets?? yeah, no, not how it works.