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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 cahclickon Mar 27, 2024 10:18am
203 Views
Post# 35955250

It’s just noise

It’s just noise

 

I've been in ATH since Jan 2021. Since then there have been several "tree shaking" events along the way that made little sense at the time - just like the one happening right now. 

Over time these events have definitely chased out "longs" because they get nervous/frustrated etc

These are the hardest times to just sit on your hands but to put it all in perspective you just have to remember one thing.

Nothing has changed with ATH. Management is executing as promised and have a record of sticking with their plan the last three years. ATH is effectively debt-free. ATH is making over a million bucks a day in fcf. ATH is buying back and canceling a million shares a week.

Hang in there.
This one will pass too.


just my opinion of course.
Glta longs

go ATH go

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