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 Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.

TSX:ATH - Post by User

Athabasca Oil Corp

Bullboard Posts

Comment by smarttrader2015on Oct 06, 2019 6:26pm

101 Views

Post# 30201635

RE:RE:Athabasca is hiring

Let's see it that way. Oil must go up otherwise the gulf countried will go bankrupt.
Second, shale oil is slowing down. Compare November 2018 production to now (eia report) you will find only 700 k growth which much less than what it is predicted.
Enbridge line 3 is coming next yeat and oil assets are on sold right now.
Trump will sign a deal with China since the election is soon and he doesnt want either the stock market to crash. He wants a deal
asap.
I think it is a smart move to grow production since their debt is due in 2 years and it is super hard to access liquidity at this time.
I am not expecting oil to hit 80$ but I think 60$ will be a win win for everyone including Trump

Bullboard Posts

High Tide adds two stores to undervalued cannabis retail network