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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

Comment by cahclickon Jul 08, 2024 9:54am
132 Views
Post# 36122570

RE:RE:RE:RE:RE:Watch For

RE:RE:RE:RE:RE:Watch For

woodsmen wrote: Uhh well he pumped and pumped ATH then turns around and says ATH at current environment has a Max target of $5.50, and pumps BTE for 3 shows straight and says BTE is a $12 stock.   LOL.   So he is 100% saying they are BOTH NOT going to do well in this environment and that is actually BASHING!!!  Oh well BTE is and has been lagging for 3 months while he pumps it, and ATH just about hit his MAX target last week when it traded at $5.42.   But I havent seen BTE come close to $12 yet.............

 

Eric probably just couldn't resist cashing out of ATH. He had 55 million shares and I forget his exit price but he entered at 18 cents back in 2020. I suspect it was the biggest trade of his career making his investors a serious $home run.
I agree with Maxmoe that we're still good for another double but the doubles are not coming nearly as fast as they did from Jan 2020 til Jan 2024.
The mammoth lifetime wave that raised all the oilies from ashes is booked. From here forward, I BELIEVE share price is just hanging on two things - price of oil & management. To date I don't see a hole in ATH's path so I'm just waiting patiently (some days less patient than others :) )

go ATH go

 

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