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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 Dec 05, 2022 8:45pm
202 Views
Post# 35152355

Lower Oil Prices On The Horizon As China Enters Next Phase

Lower Oil Prices On The Horizon As China Enters Next Phase There's not a lot to be bullish about when buying Oil stocks as Oil is having a hard time staying in the lower $80- as a high so if you're buying shares when Oil is at $77 there might not be an upside to making money if Oil stays in the $70+ but Oil is too volatile to be sure about day to day trading. Dec could be an all $70+ month and with Nov no better plus revenues are going to be down large for the Q4 so SP is torn between being overinflated on hopes of Oil rallying or having SP reflecting lower revenues.


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Lower Oil Prices On The Horizon As China Enters Next Phase Of Covid Crisis | OilPrice.com
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