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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 Tomssonon Nov 12, 2021 10:59am
501 Views
Post# 34119616

Ath commentary for Nov. 12

Ath commentary for Nov. 12Ath shares blew past the 2 brokerage target price of $1.25. The recent cnq acquisition of storm may have something to do with it. Calmer heads will prevail as the stock loses momentum and trades back to the to $1.10 to $1.15 level. Oil prices to slowly retreat back under $80. As U.S. production increases by 500,000 barrels over the coming months and OPEC increases along with 300,000 barrels per day from Canada market will be balanced by spring. U.S. FED rate increases will see commodity prices tank next year with the surging U.S. dollar. Those holding ath into the spring anticipating a higher stock price may be ruined by the once in a lifetime opportunity to sell now. I have ath trading back to 0.80 once interest rates start increasing. Bank of Canada starting in spring next year, but some have it starting earlier. No single analyst says markets are going higher next year. In fact the opposite. Ath high cost base and commodity bubble and interest rate increases makes ath a high risk play at these elevated stock price. Not just ath but the market and other oil stocks in general. Do your own due diligence, but in my opinion ath already peaked.
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