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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

Post by MrICEon Aug 18, 2021 12:19am
340 Views
Post# 33721989

New pipeline space soon

New pipeline space soon

Think they are taking advantage of an opportunity that won't come up again with more pipeline space available in the next month and then when trans mountain is running. ATH needed to free up cash probably to reduce debt and or to commit somehow towards refinancing. They still have some  committed pipeline space of their own plus the new deal with the downstream counterparty. 

one more positive step in my opinion. 

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