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.

TSX:ATH - Post by User

Athabasca Oil Corp > LOOKS LIKE WEAKNESS WILL PULLDOWN ATH TO A $1.00 OR LOWER .

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Comment by elduckyon Jan 28, 2022 3:40pm

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Post# 34372821

RE:LOOKS LIKE WEAKNESS WILL PULLDOWN ATH TO A $1.00 OR LOWER .

Not likely. When he pumped, it stayed high at $1.50 for a day, before just headed back to normal. And today will be the same, down for a day before headed back up.

Him being out is positive, in the sense that his selling pressure is now gone (that was keeping it capped for the last few weeks), and he'll be back as a buyer over $2.

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