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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 Moremoney4uon Jul 07, 2022 8:04am
167 Views
Post# 34807693

OIL WILL TURN AROUND

OIL WILL TURN AROUNDOIL IS DOWN YES, the economies of the world will temporarily be hindered by the inflationary pressures, and the rise in interst rates. THIS will all pass, the economies of the world HAVE SO MUCH PENT UP DEMAND ,this recession gives everyone time to play catch up,  being isolated for 2.5 years, china maybe more, that there is going to be HUGE DEMAND to travel, drive, produce more goods, etc,  ALL THESE REQUIRE OIL. THIS is  A MILD PHASE. problem is it might last for 6 - 9   months, the cost of substitution comes into play. The situation , in terms of availability of oil still remains the same. The infrastructure CAN NOT PRODUCE any more oil. PERIOD. EVERY oil analyst says the same thing. ATH, TVE, WCP, BTE, LOU( interesting), CVE, TOU, all going to benefit. ATH, HAS A HUGE LEVERAGE towards oil price, the bottom is very near. THIS drop is a   ONCE IN A LIFETIME.  TO STOCK UP. The world situation has NOT CHANGED, OTHER , than interest rates increasing, yes, it has a major effect, however, the FEDS WILL NOT,  WILL NOT, ALLOW the U. S. economy to suffer. ITS a tight fight. THERE are other tricks in the BAG . LOAD UP THE TRUCK, be patient, and thank me later. HAPPY CAPITALISM 
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