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.

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Athabasca Oil Corp > JP Morgan head of O&G sees start of supercycle

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Comment by Nic777on Jan 21, 2021 1:44pm

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Post# 32346377

RE:RE:RE:JP Morgan head of O&G sees start of supercycle

Sorry tens of BILLIONS

Nic777 wrote: I agree with you. I would like to point out also that the EV sector cannot scale up to many millions of EVs per year due to lack of battery minerals. There isn't enough supply of lithium hydroxide, cobalt or spherical graphite for making batteries. These are specialty chemicals and the capex needed to scale up the production is in the tens of millions of $USD. It's not being funded right now and when it gets funded, it will take many years to complete these projects.

rexrex wrote: EXCELLENT article, thank you for sharing, perspective is what is needed right now, $100 WTI seems logical given the sector is undergoing supply deficit ....

One thing i want to add is this....a black swan event is coming in the Electric Energy Sector, EV Sector is in a bubble right now, when this bubble busts, then oil will rise further and people will say, that to think the EV was the solution to everything was folly...EV is the future but it will take decades and decades....for now it is in the bubble territory...think of the dotcom bubble, it went bust, then it took over 15 years for that sector to gain relevance again...same will happen to the EV sector...so my take on the matter is, OIL is here to stay for another 20 to 25 years on Automobile usage and maybe another 100 or so years on airplanes and ships...