EconomyNinepoint’s Penny-Stock Bet on Athabasca Delivers 6,500% Gain

Ninepoint Partners LP bought nearly 10% of Athabasca Oil Corp. in early 2021, when crude traded at about $50 a barrel and the heavily leveraged producer’s shares had fallen into penny-stock territory. The investment has since generated a 6,500% gain.

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BBloomberg News★★☆☆☆2026-10-05 23:00Original