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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 newtonboyon Jul 24, 2024 3:58pm
132 Views
Post# 36146834

RE:RE:Dividend/Shorts

RE:RE:Dividend/Shorts

   "I don't think they're ready for dividends just yet but that tool should be available by the end of Q3 once all warrants and debt are off the table." -cahclick
 

They may not be ready but I sure am. Been averaging up for the last four years due to profit taking for walking around money. These various dips  would be softened with a moderate quarterly incentive to take advantage of the cash greed of new investors. Buying back nearly 300K of shares each trading day doesn't seem like it's making much difference at this point to the price. It certainly is not putting any pressure on the shorts but like you mentioned maybe news regarding this may change things. ATH is an $8 play which will prove itself soon.  
 

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