How to Buy Athabasca Oil Stock in Canada [2024]

Summary: Investing in Athabasca Oil Corporation (ATH) allows investors to tap into the Canadian market’s thermal and light oil assets and speculate on the oil sands’ high-quality resources. This guide will explain each step of buying Athabasca Oil stock with a regulated third-party investing service such as Interactive Brokers.

About Athabasca Oil

Founded in 2006 and headquartered in Calgary, Alberta, the company relies on cutting-edge methods like steam-assisted gravity drainage (SAGD) rather than open-pit mining to extract heavy and valuable crude oil. The practice enables superior efficiency and less environmental impact than traditional mining.

The Athabasca region holds vast oil sand reserves, giving Athabasca Oil a long-term supply of resources that support global demand trends. The company shows dedication towards sustainable practices, vouching to reduce greenhouse gas emissions, assist in land reclamation, and further engage the local community.

How to buy Athabasca Oil stock: Step-by-step

Athabasca Oil Corporation went through its highly-anticipated initial public offering (IPO) on April 8, 2010, one of the most successful IPOs in Canada since 1999. Therefore, you can invest in the company using the services of any regulated exchange in these five steps:

Step 1: Choose a broker

To initiate investing in Athabasca Oild, you need to choose a stock brokerage. Investing services give you access to the stock market, where you can freely buy and sell different stocks. Each platform has its own advantages, but there are several general aspects you need to consider when making your choice:

• Range of offerings: Apart from ATH, confirm the availability of other assets like different commodities, various stocks, forex, and derivative assets like options, CFDs, and futures. Having them available from the start will make future investments easier;
• Cost: Commission-free trading with no-minimum accounts for stocks and ETFs is the investing industry standard. Do not choose a less favorable candidate than that;
• Regulation and security: Confirm that the brokerage follows the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulations, as well as the availability of two-factor authentication (2FA) and similar security measures; 
• Fractional stock trading: Platforms that enable fractional stock trading allow you to buy stocks by the dollar amount, which suits those with limited capital or traders seeking to pursue the dollar-cost averaging approach.

To securely buy Athabasca Oil stock (ATH), we recommend the following:

Interactive Brokers (IBKR)

• Commission-free stock trading;
• Global stock-trading on 90+ market centers;
• Fractional shares available;
• Extra income on fully paid shares;
• Lowest financing rates for margin accounts in the industry;
• No account minimum. 

Step 2: Open and fund your account

Once you select the brokerage, continue to register on the platform and complete the profile verification procedure. Following that, you need to transfer some funds to your account. 

Payment options usually include a bank transfer, debit or credit card, and a third-party transaction service such as PayPal (PYPL). Choose the one that fits your investing style the most. 

Step 3: Decide how much you want to invest

Coming up with the precise number of shares you should buy can be difficult. Providing answers to these two questions may help you decide:

• Is my quality of life going to plummet if I lose this amount of cash?
• Have I set aside an emergency fund for at least three months of living expenses and repaid all high-interest debt?

Besides, the investment amount depends on your investing style, the level of risk you can comfortably take, and the end goal of your investment.

Step 4: Place your order and buy ATH shares

You must place a trade order to buy shares in Athabasca Oil. These four simple steps complete the process: 

• Step 1: Log into your brokerage account and find the company’s ticker stock symbol ATH;
• Step 2: Provide the amount of stock you want to buy in the field;
• Step 3: Select the order type (market order or limit order) and place it;
• Step 4: Finalize the trade by confirming your order.

Step 5: Monitor and manage your investment

The last step of the investing process has no definite end point, as it never ends as long as you hold onto your investment. In fact, you need to actively monitor and manage your portfolio for higher chances of returning a profit. 

Managing your portfolio consists of confirming the company’s monetary performance, observing the price of oil and gas on the market, the status of fossil fuels in the global eco-awareness trends, and the stage of adopting renewable energies compared to hydrocarbons worldwide. 

ATH stock price today

Pros and cons of buying ATH stock

Common mistakes to avoid when investing

Make sure to avoid these common investing mistakes:

• Lack of research: Thoroughly research the commodity, global market, and industry tendencies before spending any money;
• Lack of strategy: Clearly define your milestones before you invest;
• Staking everything on one asset: Always diversify your portfolio;
• Falling prey to scams: Avoid illegal platforms and suspicious deals.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Athabasca Oil stock

How to buy ATH stock?

The most efficient way to invest in Athabasca Oil stock in Canada is by using the services of a regulated investing platform such as Interactive Brokers.

Where to buy ATH stock?

As the TSX exchange lists ATH, you can buy the stock via an online brokerage such as Interactive Brokers.

Should I invest in ATH stock?

A wide range of aspects decides the correct answer, such as your investing personality, position on hydrocarbon fuels, financial strategy, age, etc. Apart from the stock, consider the performance of oil and gas commodities, as both affect ATH’s performance.

How do I sell my ATH stock?

Log into your brokerage account, find ATH, input how much stock you want to unload, and press ‘sell.’