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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 > GET REAL........
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Comment by Chris007on Mar 16, 2021 11:02am
155 Views
Post# 32807214

RE:RE:RE:GET REAL........

RE:RE:RE:GET REAL........The average price of WTI for the remaining 2021 is not $65...

That being said, prices for the remainder of the year are above $60, atleast for now.

https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_globex.html


ZeroIzzue wrote:
Let's remind ourselves that we didn't expect WTI to reach 60$ until end of 2021. Now the average price for WTI for the remaining 2021 is 65$, basically this wipes out any doubts or financial uncertainty for Ath or any other firms in the Canadian oil sand sector. All fundamentals are pointing to oil being bullish even taking into account of Iran and Lybia coming back online.


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