Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 JrOGInvestoron Jun 17, 2021 11:28am
233 Views
Post# 33404388

Profit Taking Day

Profit Taking DayWouldn't be surprised if 9 Point was cashing in on some of their portfolio. EN's been big on Ath since I got in 4 years ago when he was talking about Ath being a 3.50/share company based on 70-80 dollar oil and over 900 million bbl in reserves with a NAV of 4.50 / share. 

I think most countries are okay with 70-80 dollar oil, if you look at the big 10 oil producers + OPEC members; trillions of dollars have been thrown at COVID. I can think of no better way to recover a large chunk of that than through O+G. While I doubt (as it's been whispered on oilprice.com) Oil will reach 100 + a barrel, I don't think it's going to drop until many countries have recovered significant cash from oil and gas. 

The top 5 countries of gasoline consumption combined is about 10K bbls/day (pre pandemic). That's a lot of tax dollars back to the gov'ts. O+G will pay for COVID and they aren't going to complain about oil prices until they are back in the black. 
<< Previous
Bullboard Posts
Next >>