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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Post by Moremoney4uon Nov 08, 2022 5:30am
682 Views
Post# 35081064

SLOW and steady

SLOW and steadyATH, its slowly moving up, 3.50 by year end. THIS is a babystock and just might be a takeover for the big boys. IT has a HUGE TAX CREDIT, LOTS OF RESERVES,  it might even pay a dividend in the new year, great QRTS. COMING UP, ETC. THERE  are stages in the oil industry, right now its PAY  the shareholder back, the NEXT STAGE will be look for acquisitions, and ATH is a prime candidate, to be taken over. Oil price will climb back into the 100.00 $$  range, CHINA will recover, U. S. WILL recover, travel and all the industries which use OIL will improve. ATH IS A GEM. patience is required. ALL the oil companies  TVE, WCP, BTE, MEG, CJ,  ETC., WILL MOVE UP.   ERIC  holds  a TON OF THIS STOCK. That is a strong reassurance of the value and potential, TARGET PRICE IS 6.50 $$$     LOAD UP THE TRUCK.    
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