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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 lovehockeyon Mar 21, 2022 11:14am
294 Views
Post# 34531346

RE:Shorts

RE:Shorts
These are washtrading shorts mainly. Very simple - buddy A borrows 1 million shares and sells these shares to buddy B when there is a shortage of buyers. When it looks like a sell-off at lowered prices buddy B may pick up additional 200k shares at the same lowered prices. These short shares are not real because buddy A can always cover from buddy B. I think it is somewhat of a complicated game but in reality these people are very long and all they are trying to do is collect as many shares at the lowest prices possible. They have been doing it for a very long time and I can assume they will make lots of money from ATH because they were buying lots of ATH shares back at 11 cents.
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