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.

TSX:ATH - Post by User

Athabasca Oil Corp > $72 + oil and only .85 cents

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Comment by churchofnutsaccon Jul 15, 2021 2:25pm

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Post# 33553251

RE:RE:RE:RE:RE:$72 + oil and only .85 cents

ZOOM OUT. Again, ZOOM OUT. You probably need to ZOOM OUT some more.

Were you expecting a straight ladder to $80 oil? Were you expecting ATH to go from $1 - $2 in a month?

If you can't handle +/- 10% swings, you really should not be invested in oil.

Financing at 7%, 8%, 9%, I don't really care because we are all looking at a floor price of $70 oil.

There has been NO CHANGE to the bull thesis for higher oil prices. A day like today is a gift - you buy more.

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