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.

TSX:ATH - Post by User

Athabasca Oil Corp > business leader

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Comment by MLEWICKIMBAon Jul 31, 2023 12:34pm

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Post# 35564975

RE:business leader

Why it won't happen.

$2,400,000, 000 Market Cap is more than fair right now considering all the pluses that you mention.

If it was taken out in a takeover the price would be $4.50 to $5.00 right now.

So why isnt $4.00 possible.

Remember it is likely that there will never be another brownfield heavy oil project ever again. We have a heavy oil competition soon with the TMX Pipeline commissioning and Mexico's restriction on heavy crude exports. These types of standalone assets "ATH" are easy takeover targets.

I say $4.00 bucks soon.

Good luck.

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