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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 elduckyon Nov 05, 2021 1:32pm
258 Views
Post# 34093041

RE:sounds like....

RE:sounds like....My take is that we are finally free of the traders who were only it in for the debt announcement, and also the people who were really pissed off when they read 75% hedging. I was annoyed too mind you, but it's still undervalued, and the high torque being gone for one year, exchanged for guaranteed not going bankrupt, isn't so bad.

We are seeing a higher valuation from the 'I like companies that don't go bankrupt' crowd now. I figured this is at least a $2 stock at the current levels of investors hating oil still. More like $4-$5 if oil valuations in general made more sense.
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