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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 cahclickon Feb 01, 2022 5:21pm
234 Views
Post# 34387083

January 2022

January 2022

 

Total volume traded for January was 96.8 million shares . . . over 17% of float. 

We never did hear who bought the other half of Equinor stake and still makes me wonder if those 55 million shares have been sold into the market or still held. This might have added to the January "drag" on price if both nuttall and Mr X we're liquidating.

Considering release of Q4 report is just a month away, I'd guess we'll see some healthy accumulation by those that want to be in before the report. Q4 report is not likely to be overly rosy. We keep seeing these wlidass projections of annual fcf but those are not in the bag yet. Looking better by the day however.
ATH doesn't make its first debt payment til May so not trying to be Debbie Downer but keeping it real.
We have a gargantuan winner here as long as oil stays in the $80's

glta

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