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 NWOntarioon Nov 04, 2021 5:06pm

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Post# 34089005

WCS differential

Any insight to the WCS sell off and the expanding differential? I get that high natural gas costs make refineries want WTI due to lower processing costs but wow....how are the equities holding up against the oil sell off/correction? I am happy that we are not getting beat down since equities were not really participating with the oil price increases past $73-$75. Almost seems like we are caught in a technical sell off based on market mechanics plus geopolitical noise like Iran/WH strategic reserve releases versus fundamentals.

Any thoughts are appreciated

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