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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 smallcaptdron Nov 01, 2022 12:12pm
215 Views
Post# 35063427

Oil traders mock OPEC

Oil traders mock OPECOPEC wanted Oil prices to firm up so traders have kept Oil trading flat since 10am mocking OPEC but a weaker USD is keeping Oil higher. Now that OPEC cuts are law of the land this first day of cuts will come and go and we'll be back to Oil having to deal with the recession and China woes going forward I think $89 Oil is the best that OPEC will do short term. There's no way that Oil will trade this flat in the future and we'll be back to Oil being volatile so OPEC can count today as a win in stabilizing Oil prices. Get ready for lower Oil if this is the best Oil will do after OPEC cuts. Nov will bring FED Rate Hikes and Biden NOPEC will be dealt with, I feel that $88 Oil is high and Oil should be at $82 and I see a sell-off coming.. 
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