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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 Jul 08, 2022 7:38pm
177 Views
Post# 34812275

RE:Whelp! Where did National Bank get an 11M block to sell to..

RE:Whelp! Where did National Bank get an 11M block to sell to..Morgan Stanley is no idiot they sold 16.6Mil shares last time for $2.49 and bought them back today at $2.13 is this a vote of confidence? could look at it that way but one thing Morgan Stanley has no control over is the price of Oil going forward but if its a short-term investment they might pull it off for Q2 rise in SP which I figure is the best scenario and could see ATH SP open up $0.50 - $0.75 if ATH releases Q2 before the Market opens and Oil is above $100 and the worst thing that ATH could do is release Q2 after the close on a Friday that never seems to work out because it gives investors 2 days to pick away at the numbers and if there are faults they'll find them but so far Q2 is on track for record revenues! JMHO  (always DD)
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