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 > Lazy job by management

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Comment by Nothingmatterson Oct 07, 2021 5:10pm

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Post# 33984040

RE:RE:RE:RE:RE:Lazy job by management

One of worst management that i have seen over the years. Where is fellowship???? Broen and taylor alongwith others need to go

filefish wrote: Agreed, I have been waiting patiently for years for something good to happen with this Company only to be disappointed by Management and a loss in the value of my shares. At this point, the bottom is in but the upside is no longer visible ( hopefull) as it was a few hours ago. I will look forward to Managements go forward presentation. Baring anything unexpected I will hold my shares just to vote against all Management and Directors at the next Sharholder meeting. Little consolation when you have lost tons of money.

riski wrote: I think this is a fair criticism. More than any other O&G company, this management team looks out for themselves at the expense of shareholders. They don't even try to hide it.

It's a problem that will never go away unless the exec team is cleaned out.

churchofnutsacc wrote: Management are paid like bankers. Management's motiviation is not to drive value for shareholders, but to keep the party going for as long as possible so they keep getting paid. Shareholder value is the least of their concern which is why they never buy shares on the open market. Refinancing at 9.75% is bad enough, offering a wall of warrants in addition is an insult to all shareholders.

I feel bad for anybody that might have averages in the dollars. You'll never get your money back - not with this management.