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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

Post by 5to10holdon Nov 08, 2021 12:08pm
280 Views
Post# 34100295

Fun Stuff!

Fun Stuff!I always told myself whenever i got ath back to my cost base i would sell out. It was one of the first investments I ever made 6 years ago. But honestly, this is just really fun to watch play out at this point. I'm going to hold for the next few years to see how this plays out given oil fundamentals right now. If they can actually get into a net cash position within 2 years the downside vs upside risk is unparalled due to their free cash torque, especially if the esg trend continues to promote upward pressure on oil prices into mid decade.

I have always maintained that at a minimum they had basically c. $800m in tax loss value for any potential acquiror prior to considering any value for their assets. 

good luck to everyone on this and enjoy the ride
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