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 ManitobaCanuckon Jul 15, 2021 2:27pm

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Post# 33553263

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

Agree with you Chris , momentum players are jumping ship .This is something to hold till atleast TMX comes into the picture/starts operating ,they have capacity booked there . The stars seem to be aligning and 2$ target remains if we see WTI at 70$ plus for next one year.

Chris007 wrote: Like I stated last week, for commodity stocks, theres always plenty of people riding the momentum. As soon as the price appreciation of the underlying commodity stalls, plenty of these traders will jump ship.

We've seen this story play out multiple times in just this year alone, check out the performance lumber stocks, copper stocks and gold stocks...

Over medium-long term fundamentals win out if commodity prices cooperate. However, in the short term, its anybody's guess

BizarroJerry1 wrote:
so what moves this stock in the other direction? Any predictions? Because all the people talking about ATH at $2 disappeared real fast. As for me, I rode this thing from .95 down to .11 and all the way back up again, and I'm furious at myself for not just getting out earlier and being thankful for getting my $ back.