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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 Tartar3on Aug 20, 2021 8:15am
218 Views
Post# 33738607

RE:Oil down again

RE:Oil down againCertainly has went down further and faster than I thought, companies are still very profitable at these levels, however, I consider below $60 the danger zone and we're getting pretty close, below $60 I think the price will be cut if half from here, it'll probably be a slow bleed like its doing now, a few percentage weekly until you look up and it's at .40 or .50cts USD, however, it will be a screeming buy at that point, all the info I am reading about the delta scare it's more hype than anything else, after all the media needs a new headline to capture eyeballs to sell advertisement.
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