Athabasca Oil Corporation (OTCPK:ATHOF), which is currently trading at $6.7 and at a market capitalization of $2.68 billion, is a significantly undervalued stock having a potential to double with a 1-2 year time horizon. On Friday's trade (July 19, 2013), the stock advanced nearly 7% and this might just be the beginning of a sustained upside in the stock. This investment note discusses the reasons for considering Athabasca Oil as a value buy.
Athabasca Oil Corporation is an exploration and production company with a diverse portfolio of thermal and light oil assets situated in Albert's Western Canadian sedimentary basin. As of December 2012, Athabasca Oil had 364 million boe of proved and probable reserves, which included 22 million...
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