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 > Fantastic day 13.76%

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Comment by cahclickon Nov 06, 2021 1:25pm

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Post# 34095935

RE:Fantastic day 13.76%

This latest leg up is another welcome milestone.

Ive been fretting since buying back in January that someone would take out ATH for its cash flow before the share price had a chance to grow and shareholders would have received a fraction of the price we closed at today.
Im only guessing but I guess that even the big guys haven't been awash in cash and therefore M&A's haven't been that prevalent. Also, having just come off some scary years in the sector, even the big guys are way more conservative about taking on debt.
The Q3 report and guidance and oil in the $80's has put ATH in the enviable position to negotiate hard if someone "comes a courtin". Normally on a trading day if the volume of shares traded was 10x the average, the share price would get crushed but yesterday it not only held up but exploded upward by almost 14%.
Going forward I suspect we will see continued gains in share price as more investors/funds recognize how undervalued that ATH is.
Exciting times for ATH shareholders !
Have a great weekend

All jmo
glta