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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 Zaphodon Jul 20, 2022 2:26am
168 Views
Post# 34836218

RE:Facts about ATH

RE:Facts about ATHI wouldn't  touch ath or bte... I have zero faith in them. oil goes below 80 or 90  and they are penny stocks 

Oils are dangerous but I have TOU at 40, ARX, Wcp, erf cpg. cve , I have TVE but little faith on it and stop losses above my cost.

A year or two from now most of these companies will be back into the billions of dollars of debt. 180 oil isn't happening. UK and Sri Lanka have already lost their leaders over oil prices. Most of Africa is in revolt. 180 to $200 oil will lead to massive overthrows and revolutions

look at nuttal $70 chart and that's what I'm basing my buys  on. I expect I'm gonna have to buy him a bottle of Blantons  or Basil  Hayden  by the end of the year and send it to him as a thanks as he has made me lots since Q4 2021

smallcaptdr wrote: Insiders dumped their shares and when there was an opportunity to buy shares on the open market for $1.92 they never bought. ATH debt load is huge and will take a decade to pay off. Oil sands cost more to produce than pumping out of the ground and aren't environmentally acceptable. 15,000,000 shares traded today with $104 Oil and couldn't close up a penny! That's all the cheap shares that are being unloaded to bagholders. 600,000,000 shares having a market cap of $1,300,000,000 that's not even enough to pay off their debt! so there's no way that $2.30 shares are fair value in today's climate. With the recent sell off of energy stocks, there are better picks out there that are cheap. I would get out of this first thing in the morning! If Oil is at $104 you know that this won't go higher and if Oil is below then sell. Don't worry about selling because insiders won't be buying them! Watch woodsmen jump ship first thing just like the rat he is!  Don't forget to thank woodsmen for the encouragement! Going to be a red day!


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