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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Athabasca Oil Corp > Eric sold ATH

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Post by cdnkeswick on Apr 06, 2024 3:19pm

Eric sold ATH

I watched the BNN episode were Eric said he sold ATH in this episode he said his redemtions were exceed his deposits. I have been stewing about buying more ATH but i was cautious because he sold out. I now believe he sold to cover redemtions and because ATH was his biggest gainer it would make sense to sell it. So with this in mind i will be buying more ATH (dont forget he said he hoped he was not wrong in selling ATH). Just my opinion and it may be completely wrong.

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Comment by Northofsixty123 on Apr 07, 2024 1:25pm

One could assume a big chunk of the recent selling pressure will subdue and we can return to more positive movement with none point gone ......

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Comment by JrOGInvestor on Apr 07, 2024 1:43pm

It's a mistake EN made in the past and, I believe, a mistake that'll be made again. At an average of 5.50 a share, Athabasca could trigger a SIB and purchase 50 million shares with the cash they have on hand and make them irrelevant. those that are jumping ship because nine point sold aren't seeing the basic facts: zero net debt / enough cash on hand to buy at least 10 percent of their ...more

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Athabasca Oil Corp