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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 NWOntarioon Dec 13, 2021 7:12pm
452 Views
Post# 34227113

Retail has to stay calm, algo’s are leading the prices

Retail has to stay calm, algo’s are leading the prices

In my view after multiple days of throwing up larger size bids in Ath and Gear, the algorithm buying doesn't stop. Ath is set at 200 shares and Gear is set at 500 shares. Of course this is a daily occurrence, but for anyone new maybe this can help.

Today alone, I put up a decent bid size for Gear and I had one hundred and twenty buys of 500 shares. It took hours for the algo's to eat into my bid. It was set for 500 shares each and every minute. There were sporadic 'real' people sellers doing 8-15k and once the last hour of the day came, someone sold me the remaining 65k shares and then the stock started to rebound as real buyers came in
to help out lol, so the algo's didn't have the juice to hold it down.

So just don't be disappointed if the algo's continue to pressure our stocks. 

Good luck everyone, rough few weeks could be coming with bounces here and there most likely.
 

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