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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Comment by Tartar3on Aug 10, 2021 11:37am
220 Views
Post# 33678253

RE:RE:RE:RE:Predictions - Buyer beware

RE:RE:RE:RE:Predictions - Buyer bewareNever really sure what the long haul means, but i do have a price target much higher than we are today, strange as is seems I'm happy oil hasn't gone parabolic like some wished for, WTi settling in this range will give ATH time to repair the balance sheet, which will increase the share price significantly from here I believe, $100+ oil would've made this a short term trade, but the traders maybe back next year when we see how the supply/demand outlook shapes up for next years summer driving season, until then i'm holding and still up triple digits 
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