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Bullboard - Stock Discussion Forum 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... see more

TSX:ATH - Post Discussion

Athabasca Oil Corp > incredibly weak, how to explain that.
View:
Post by sylvain_007 on Dec 08, 2022 3:34pm

incredibly weak, how to explain that.

I think, someone can explain what,s the probleme with this fu.... share.
Comment by stock_for_gold on Dec 08, 2022 3:56pm
You are aware that the keystone pipeline is shut until they find out where the leak is? That's oil from alberta oil companies on hold. This is short term. Also note that it reduces 600,000 barrels a day entering the market. This is going to add to the world shortage. 
Comment by Paray99 on Dec 08, 2022 4:23pm
But I don't think ATH is using keystone pipeline. This is a shake out of the weaker hands... look at the volume, some picked up all those 6.3M shares, right? See what happens next week.
Comment by dandu1924 on Dec 08, 2022 4:53pm
the right  total number is 14,340M shares. 
Comment by filefish on Dec 08, 2022 4:02pm
Looks like Ninepoint may have wound down some of their holdings in light of the stock repurchases being pushed out until Q2 23  
Comment by dandu1924 on Dec 08, 2022 4:20pm
and we are in the taxes lost month.
Comment by JrOGInvestor on Dec 09, 2022 8:51am
Unlikely 9point reduced holdings of Ath for this reason. Since he's a 10 percent shareholder of the company I could say with 95 percent certainty that he already knew there wouldn't be a share buyback until Q2.
Comment by Hoover69 on Dec 09, 2022 9:41am
Agree.  Ath made up 7.2% of NNRG at the end of November.  It was his 6th largest holding.  He has increased his holdings in Ath in each of the last three months.  That being said, we will have to wait until early January to see if he made any changes as a result of this weeks update by Ath management. Long Ath.
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