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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 MLEWICKIMBAon Jul 24, 2022 4:08pm
147 Views
Post# 34846564

RE:ATH had better pay off

RE:ATH had better pay offIt feels like it will be a sell into a rally if it rallies. People dont like facts these days just fads. The facts are simple: 1. Entry costs into any energy infrastructure are very high worldwide from permitting to equipment purchase, construction, commissioning, maintenance, etc. 2. Ath should be trading at 1 times assets but its not. Really should be a higher multiple on its assets even 2 times. 3 Ath reserves are proven and production licences exist to 80,0000 BPD, I believe. CONCLUSION: ATH and ALL OIL STOCKS ARE MISPRICED. WILL TRADERS HELP TO REPRICE OIL STOCKS PROBABLY NOT. WHAT IS NEEDED IS 18 MONTHS MORE OF 95 DOLLAR OIL. Cheers.
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