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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 riskion Aug 09, 2021 2:50pm
173 Views
Post# 33672951

RE:Under $1.00 is a steal

RE:Under $1.00 is a steal This was a bad call.  Hopefully no one acts on the prognostications from this board.  

MrICE on June 18 wrote: With oil above $70 and dif getting better the math on ATH is ridiculous. If we can get this financings completed we will rocket. I'm thinking by end of August we will have it in place. That's 6 months before it's due. I don't expect great terms but it will be done and a extra $5/b will cover the cost. I've heard from some oil executives I know that  money in Canadian junior oil is hard to get. They think Canada is risky because our government is the unstable in commitment to oil. They would rather put their money in 3 world countries with oil positive governments. 


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