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

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Post by cahclickon Mar 04, 2021 5:12pm

271 Views

Post# 32721904

Oil to the rescue !

Today was setting up to be a shorter's paradise with krappy sentiment toward ATH re not having refinancing in the bag and no explosive 2020 Q4 fcf.
This morning ATH was heading down a slippery slope past .43 when oil suddenly spiked and burned the hide off those shorty shorts. Woohoo

Every time oil ticks up another buck, ATH's Pengrowth-like demise gets a mile further removed.

The value of oil seems to strictly adhere to the magical number written on one of 89 balls in the air on any given day or possibly it's just Cook's Variable Constant at work.

Whatever it was, today's higher oil price was a great day for O & G sector as every new high brings more attention to the sector. More eyes brings more $.

Go ATH go

glta