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 > dropping fast

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Post by Greenwinter1234 on Jun 17, 2022 10:49am

dropping fast

moves more down given oil price drop than it rose when oil price was rising.

Seems more a hedge fund momentum play rather than fundamentals as ATH is generating huge cash flow and all tax sheltered due to substantial loss carried forward.
GLTA

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Comment by jx7000 on Jun 17, 2022 11:31am

Don't worry, be happy, it's only manipulators driving down the price in response to political pressures and rantings from the left. The oil prices will probably recover somewhat by the end of the day.

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