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.

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Athabasca Oil Corp > The crazy thing is

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Comment by Nothingmatterson Aug 25, 2021 6:09pm

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Post# 33765341

RE:RE:RE:The crazy thing is

That's the problem. All my money is in frigging oil...

Maxmoe wrote: Well we all have opinions. And bellybuttons. I try and keep mine clean. If the next 6 to 12 months unfolds as I expect, oil will be right where it is, mid 60s to low 70s. Ath will refinance the debentures at reasonable but not great terms because lenders are still skittish. Investors are still skittish about all oil stocks but small caps even more so, so, ATH can double from here and still be "cheap" a year from now. The cycle, if uninterrupted by unforeseen events like a plague, has years to play out. We are just getting a whiff of the M&A activity. There will be a firestorm of activity eventually due to oil being so much cheaper to buy in the stock market than drill in the ground. In that scenario even $2 or $3 will look cheap. Now start screaming when this doesn't happen in a straight line up from here starting today. Have a hysterical fit if it gets hammered down somewhere along the way. If you can't stand the volatility, stick with index funds, that's where most of my money will always be. LOL. Okay, no more lessons. Today.
filefish wrote: I believe 1.00/sh is a fair assessment, even after they finalize the re-financing.
Profitable quarterly reports in Q3 and Q4 will have to materialize to provide a basis for new investors to come in and for us long timers to hang on..
ATH will need to make a case to investors why they have good reason to be a stand alone enterprise going forward.

Nothingmatters wrote: Oil stocks trade linear when oil is down however dont go up when oil is up...the new normal. Temper your expectations. Reaching even $1 would be hard let alone $2 or $3