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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 steve957on Nov 29, 2022 10:44pm
218 Views
Post# 35138588

the SPR has been keeping the pressure on oil

the SPR has been keeping the pressure on oilwithout the SPR release oil would be well over 100,,,they started filling the SPR in 1977 and it is now at the level it was at in 1984,,,The SPR cant be refilled when the demand is greater then the supply and @ 4 million barrels release a day  it can olny last a few more months,,,the saude and opec + are not going to pump more oil,,,they will wait and let joe biden drain out the rest of the SPR,,,this way they will have biden literly bent over a barrel, American energy independence is almost gone,,,oil is olny going to go hiigher because biden has our energy in the hands of other nations who happen to be the saudi and Russia aka opec +  lol i dont think putin is happy with joe and i dont think any north american producers are going to through joe any production especially after he has called them down to the lowest of the low,,, kinda funny cause the north american producers have been laughing all the way to the bank and will be for some time now 
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