Bullboard - Stock Discussion Forum 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... see more

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TSX:ATH - Post Discussion

Athabasca Oil Corp > I'm out. Bagholders are in !

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Post by Tomsson on Nov 09, 2021 10:20am

I'm out. Bagholders are in !

Easy money is gone. This company is being pumped now. No crumbs left on the table. U.S. energy news is coming and so will be interest rate increases. U.S. DOLLAR will kill the commodity rally and as you wait for prices to go back up they won't. 8th or 9th inning of market rally. Don't be fooled. The risk reward is worth it. Cash is king ! Buy low sell high. That is over an so is this market. Good luck to all !

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Comment by MrICE on Nov 09, 2021 10:34am

Adios. Thanks for your shares

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Comment by Maxmoe on Nov 09, 2021 3:14pm

Bahaha. Go back to pumping hexo at $4, it's half price now. Speaking of bag holders. You still got a bag load of that? When I feel like selling ATH, I go lay down until the feeling goes away. No harm in taking some profits but there is still a veritable feast to be enjoyed by all.

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Comment by Renofund on Nov 09, 2021 3:59pm

facts! Hahah noticed that too. Hilarious.

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Comment by Tomsson on Nov 09, 2021 5:32pm

Sorry for your ignorance but I don't own hexo anymore either. Market is in a bubble. Nobody going to buy ath out at 1.50. With $500M CAN of debt, that over $1B for an asset that needs high prices. KEEP DREAMING

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Comment by ManitobaCanuck on Nov 09, 2021 4:04pm

Agree Max , I lightened some at 1.49 ( about 10% of my holdings ). When I get the feeling , I think ,we are only at the cusp of a Oil bull cycle and dont want to repent if this goes to 5-10$ in next 5 years

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Comment by Maxmoe on Nov 09, 2021 4:18pm

There is also not a lot of good choices to put the money into other than leave it in cash and earn zippo. Sell a 14 bagger to buy a 10 bagger? Seems pointless. I have most if my money in boring index funds and etfs so why would I buy more of them? Other than mathematically I should rebalance because my 20% "fun money" has wickedly outperformed. Ahhh, what first world white ...more

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Comment by ManitobaCanuck on Nov 09, 2021 4:28pm

Some of my profits , would likely go to VRE ETF , Buy a farmland REIT , possibly European REITs . Gamble a bit on Turkish Stocks which are at lifetime lows . Buy some Swiss stocks as a hedge against inflation . I bet the house on Athabasca and Baytex during COVID19 , lol dont have much more hair to loose with another scary gamble. It worked out well and secured a retirement nest egg ...more

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