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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 Sep 23, 2021 5:26pm
178 Views
Post# 33911786

RE:RE:RE:Overvalued, undervalued, just right?

RE:RE:RE:Overvalued, undervalued, just right?Oh I own them both and way more BTE than ATH.  But whether to own them both or not wasn't the question which is perhaps why the answer was so "easy".

ATH was running counter to and now currently lagging in a very strong trend.  It's curious.  

Maxmoe wrote:

Easy answer. Own them both, plus a few more names. Diversify. I don't care about a short term (a few months is short term) what is it? Delta? Of 44%. Both stocks are up 8X to 10X.  It's more important you own one of them , than which one so don't fixate on "the one". One of them, actually both of them, has the potential to double again from here. Or just buy one of Eric nuttal's funds and let him trade for you.

 

ManitobaCanuck wrote: I have a qignificant ownership in Baytex as well. Their CEO is very responsive and in the limelight seekign investor attention . They have a new discovery at Clearwater which competes for capital with Eagle Ford ( their best asset) . The payback time for a well drilled in Clearwater is 2 months at current price. Its a good discovery and may add 10,000BPD in output and profits likewise with a low breakeven .
 

 

riski wrote: At the end of June we were $1.02 and now $0.87.  -15%

At the same time, BTE was $2.40 and is now $3.10.  +29%

The price of oil was about the same.  

That's a 44% delta in performance.  Was ATH overvalued back then, and now corrected?  Or is it undervalued, perhaps limited by the refinance overhang?  Or is it about right?

Or has BTE got away a little bit.  

Macro wise, nothing is really that much different between late June and today.  

I'm curious to hear some opinions.  

 

 




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