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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

Comment by Chris007on Feb 23, 2021 8:51am
167 Views
Post# 32634925

RE:RE:RE:RE:RE:RE:Some TD accounts are wash trading

RE:RE:RE:RE:RE:RE:Some TD accounts are wash tradingTheres also the small fact that the Duvernay assets that CPG purchased is more than twice the size of the ATH-Murphy assets... 450,000 net acres vs 215,000 gross acres

https://www.shell.com/media/news-and-media-releases/2021/shell-sells-non-core-canadian-shale-assets-to-crescent-point-energy.html

There is no 30k of production in the Duvernay for ATH...like I alread pointed out, its a 30-70 joint venture with Murphy oil...

As for sustaining capital of $75...that is for the entire company, not just the Duvernay

so yes, not apples to apple

bosstrade wrote: Correct, not apples to apples. Shell's assets need $175 mill to maintain production of 30+ k barrels where ATH needs $75 mill. But if you take the diff between light and wcs its pretty much a wash per barrel 

My opinion the assets that ATH has are superior if oil can hold above $55 wti


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