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 > Insiders running for the hills - Broen & Taylor cashing out

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Comment by cahclickon Jun 24, 2024 8:48am

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Post# 36102937

RE:RE:Insiders running for the hills - Broen & Taylor cashing out

They have 5.5 MILLION shares between them AFTER their respective sales.
I consider that "skin in the game".

The effect of the new capital gains tax is ugly if you hold a large position. For example if you sell a million shares today or Wednesday, the DIFFERENCE in tax due is approximately $400,000 bucks. So, if you hold a million shares and decide to hold on to your shares, the share price has to increase by 40 cents just to offset the effect of the additional tax.
The alternative to adding the new tax was to control spending but as you know, the Liberals have an election to win. Grrrrrrr

go ATH go