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 > Volume Recap

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Comment by cahclickon Oct 16, 2021 9:53am

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Post# 34013253

RE:Volume Recap

AND

I forgot to include with my previous post - somebody or somebodies bought all those extra 48 million shares and they're looking to make a buck so that gives me confidence that ATH still has legs !

Jmo
glta

cahclick wrote:

Like others, I noticed increased volume and what seemed like an attempt to control trading range recently - until yesterday :)
It started 3 weeks ago on a Friday. I added up the total volume traded from Sept 24 up to and including yesterday. Total volume for the 15 trading days was 86.86 million shares for an average of 5.8 million per day. Then I looked up the long term average volume and it is 2.6 million per day. So the difference 5.8 - 2.6 = 3.2 additional shares per day for the 15 trading sessions. If you take the difference of 3.2 million x 15 days, it amounts to an ADDITIONAL 48 million shares traded.
So, it could be Nuttal or could be the other party that took the other 10% of shares when Equinor exited or could be neither but the increased volume matches up pretty well.
Anyway, just a wild azz guess but it's a maybe.
Trading action in last half day yesterday appeared different to me.

$1.08 is a fantastic end to a great week, great month, great year !

jmo
glta