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 > My take

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Comment by EstevanOutsideron Aug 24, 2021 10:49pm

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Post# 33759424

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:My take

Just be clear: WCS is a grade of oil but sold at different points. Athabasca just sold their egress on Keystone which brings oil to the USGC where you have "WCS Houston" exposure; instead, opting for WCS at Edmonton, I think they call it WCS at Hardisty which is more prone to differential blowouts. That may be minimized with new pipeline but the risk is there.

ManitobaCanuck wrote: We all are discussing about WTI here,Remind me again , doesnt Athabasca get WCS rates ?

ComradeKomissar wrote:

Wrong. With wti at $65, over the course of the next few quarters, you will see the sp increase.

Don't think so. All these companies are priced as if WTI is $47, so there is an inherent discount.