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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 Jul 01, 2021 7:31pm
169 Views
Post# 33480342

RE:RE:What CLUELESS RUBES These American Oil Investors Are ?????

RE:RE:What CLUELESS RUBES These American Oil Investors Are ?????I don't believe the saudis need $72 oil story. Never did but especially not since it became a public company. It pays a 4% dividend yield according to my Bloomberg quote which is lower than Exxon.  It's a public company now so no giant sticky fingers in the cash flow cookie jar. Just a divy.  
old_dog wrote: It's either a case of clueness and utter stupidity, made their money and they really wanted to make sure they got their order filled, thinking that 133 k in shares at a 10% discount would shock others into following them, either way they got out when they made the biggest mistake...doubling down on ATH.

As we all know Eric was always talking about "$60.00" Oil..time after time..if you believe if you believe....well guss what not only do we have $60.00 oil....today we got $60.00 WCS...who would have thought that 9 months ago. Providing the trend continues then ATH is on the launch pad. Saudi Arabia NEEDS $72.00 just to run their country...and WE ALL SHOULD KNOW THIS......many of the countries that are in OPEC are highly reliant on higher oil prices....even Russia needs $45.00-$48.00 dollar oil. and with restrictions in place everyone is happy right now. So hold them and pick up another few thousand....


old_dog


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