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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 MLEWICKIMBAon Jul 16, 2022 5:20pm
256 Views
Post# 34829338

Not going to get extra oil from KSA

Not going to get extra oil from KSAThere is little interest for Opec countries to produce more. The fact is many members can only hope to sustain what they are producing which means various members may see output declines in the next six months. A few will see modest increases. Take away the SPR release and each week would be in deficit. Plus SPR stocks being sent overseas. One bad hurricane or other incident and up oil goes. China Will reboot soon. My guess new leader inevitable. For Athabasca current WTI prices are ok. What's the cash balance of ATH on the 27th??? That should effect the stock!
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