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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 smallcaptdron Jun 14, 2022 8:49pm
221 Views
Post# 34756811

RE:putting today into perspective.

RE:putting today into perspective.During the recent bull run when we hit $3.44 the buying actually started two days before any news and it started five days of solid buying plus there was news of being added to the Index and then the second news release on guidance so this pullback is just part of building a healthy SP my point is if any of them were buying for an investment which makes sense when prices got pushed up in the buying. That would mean that those large positions which were taken to be a part of a portfolio will be protect by the houses who bought their investment and count on them coming back.    Plus follow their lead if they crunched all the numbers and seen that the $3.30’s to $3.40's was a great investment entering point then we need to just be patient. And it comes to no one’s surprise that I'm trying to post thoughts I'll call it damage control but you’re all smart and we're no different, everybody is trying to be on top of any situation and the best way is to read everything and not just BB, to understand trading patterns.. who knows it could run up tomorrow,  So far the futures are up over 100 points but that changes till tomorrow morning and crude isn’t dropping any farther at $119 and Brent is at $121 as of my posting.We're due for the market to have a green day.

I’m just posting certain situations but follow your lead; we’re all on the same playing field we’re all setting a goal to make money .   GLTA  JMHO (always DD)

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