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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

Post by Deutz9170on Jul 27, 2023 8:47pm
251 Views
Post# 35560789

What a story

What a story As Hangingstone was just going into the commissioning phase, back in 2014. I remember the conversation I had with one of the commissioning engineers on site. As oil prices plummeted. And ATH stock was fallen. He said there is no way the company can make it. He expected to be working for someone else in the near future.  I kept on eye on the stock as it dropped over the years. Junk, going to overtaken were the words used to describe the stock. Went to 10 cents and the calls for bankruptcy grew even larger. As the company share started to turn around the so called value investors were still calling the stock over valued.   Look where we are at today on the bullboard.  Arguments over how all the profit  is being used. NCIB program is not being executed properly. . Debates over dividends or share buybacks.   135.million of cash isn't enough. A slight increase in share count.   Calls for a 6 buck buyout.  CONGRATULATIONS to the management of  the Athabasca Oil Company. CONGRATULATIONS to the long shareholders of the Athabasca Oil Company. The soldiers of Canadian energy investing!
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