Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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.

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Athabasca Oil Corp

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Post by cahclickon Jan 31, 2023 9:27am

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Post# 35256323

Yesterday’s Raid

Anybody notice the well organized raid at the open yesterday ? They drove the price down from $2.69 to $2.55 and picked up a couple million shares before the price bounced back.
I don't play the short game at all but always curious to watch the action.
Also notice that as recent as a few weeks ago, a raid like yesterday could leave ATH down 15 or 20 cents but it seems it now has the resilience to claw its way back and finish green even on a day when oil is down. Over time the strength of ATH is just becoming more and more apparent.
All the jibberish yesterday about a buyout is just that. It may be there has been a leak about ATH's 2022 results or maybe the shorts are hitting the exits and the increased volume is pushing price.
In any case, I'm hoping to see "Preliminary 2022" results posted this week.
ATH is up 39 cents in the last 3 sessions !

glta