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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 Maxmoeon Jul 29, 2024 2:23am
127 Views
Post# 36152119

RE:RE:All about the NCIB

RE:RE:All about the NCIBNope. Not that I recall, and not based on sedar filings unless he was out and back in within 6 months. He owned Ath at june and Dec 2021, and June and dec 2022. At June 30,2022 he owned 45 million shares. His % of his fund dropped because his fund grew massively. It even slipped out of the top 10 holdings briefly at June 30,2022 to #11, so it may have looked like he sold. It slipped out of the top 10 because his firm can't own more than 10% of the total shares so he maxed out his shares . He had to start buying large cap names at that time and ultimately his success forced him to sell his highest beta small caps that made his fortune.  But he did not sell it all out until $5ish that I could find. I say he did "okay" because I bought it at 11, sold over half , but it's still my largest holding. So if he sold in April and bought back within 2 months I can't confirm using sedar filings but either way, he did very well. Almost as well as I did. LOL. 
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