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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

Comment by Maxmoeon May 27, 2021 9:29pm
203 Views
Post# 33283764

RE:RE:RE:ath

RE:RE:RE:athTwo very different 10% to watch for. Ath he owned just under 10% of the company. That's the easy math. It goes up and down based on his buying and selling or the company buying and selling their own shares. At last report, April 30, those ATH shares were 9.8% . BUT it was 8.9% of the nine point energy fund. This math is WAY more complicated. That % of his fund goes up and down every day based on the relative performance of ATH, the net cash flow going into his fund from investors buying and selling, dividend income, fund expenses like the MER, etc. it also goes up and down based on Eric buying or selling shares. Right now the cash flow is piling into his fund. The total fund is growing quickly. He can't/won't buy any more Ath because he owns 9.8% of the company and can't/won't go over 10% and become an insider. So no change at 9.8% of ATH BUT my guess for ATH as % of his fund at the end of may report will be back up from 8.9% to over 10% due to strong outperformance of ATH (21.7%monthtodate) vs the average. It closed April 30 at 60.
CandyC wrote: I say he still owns 10%. There's more upside for these penny stocks compared to mid-large cap. Same thing with Gear Energy 


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