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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 masfortunaon Feb 03, 2022 10:33pm
391 Views
Post# 34395867

A few things to consider...

A few things to consider...#1  Nuttal DID NOT SELL last Friday just before he was on BNN. After we hit that $1.56 year high we dropped about 20% and traded in a range.  That's when he sold.  When he said he sold on Friday, many followed and sold.  Anybody think that he started rebuying after it dropped to $1.18??? YUP!

#2 To the poster who declared  hedges off end of 2023:  Last hedge gone in 10 months and NOT END OF 2023. I hope it was a mistake/typo and that you were not intentionally trying to mislead individuals.

#3 Finally ATH is notorious for not releasing any info/prs.  Yet they release a proxy q4 and mention the tax credits a number of times in the release.  Assuming you know that banks won't lend you cash to drill more wells, would you not think that taking out ATH at these levels would make sense instead? If they paid $5, the tax credit pays for the company.  You basically get it for free.  So I am in the "YES" camp for a possible takeover in the near future.

#4 In the last 2 weeks I have been adding to my position after selling OBE (125% increase in 4 weeks!!!) and that drop last Friday gave me the opportunity to triple my share count. It was a good day ;)
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