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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 cahclickon Jan 26, 2022 1:11pm
179 Views
Post# 34363148

RE:RE:should be much higherq

RE:RE:should be much higherq

This is one major disadvantage of zero commission trades. If they had to pay a commission on every trade - even 10 cents - it would wipe out wash trading.

jmo
glta



lovehockey wrote:

Stock is still washtraded as it was last 2.5 years. What these guys do is they sell to each other at the prices they want and they purchase at depressed prices from tired investors. Here is an example. I just put an order @1.28 about an hour ago and the trades came to a halt. And in the previous 2 hours there were 2.5 million shares exchanged. They don't want to sell to a third party. I guarantee if I pull my 1.28 order, the stock price will lower to 1.28 almost immediately. 

Basically the way they operate is as soon as there are no buyers they come in and wash trade, as soon as buyers come in they disappear until the next wash trading cycle.



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