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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 canon12345on Apr 29, 2021 9:19am
251 Views
Post# 33089815

Rising WTI

Rising WTIThere are few if any companies that will benifit more from the rising WTI price then ATH. At a share price of $.51 and $65 WTI there seems to be a large disconnect between the Market cap of this stock and any realistic valuation. If WTI continues on its ascent to the $70 range and beyond the disconnect increases exponentially. While the debt issue and forced hedging are an issue, once these two  issues are resolved (I believe in the next 6 months) this stock becomes even more undervalued. If you are a believer in WTI climbing to $80 by year end (as many have forecasted) it would seem unlikely this stock should not at least test the $2 level by then and still be undervalued at that price. There seems to be some large positioning taking place in anticipation of this stocks run up and this stock could explode at any time IMO. 
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