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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 Jan 17, 2023 9:45pm
173 Views
Post# 35229634

Oil Price Deceiving...

Oil Price Deceiving... Not a big deal but when 4pm hit Oil was at $80.94 and Oil is up $0.85 to $80.98 right now so if Oil is up tomorrow it'll look really up. Tomorrow US Retail Sales and PPI at 8:30am at 9:15 US Industrial Production along with others including API Crude Oil Stock at 4:30pm. Maybe sales will be higher due to the holidays and API Crude should show a draw now that the refinery is up and running along with Colonial #3 line but if there's a surplus it'll wait till Thur when EIA numbers are out to confirm it. Now that the US has had its first trading day back taking a profit with a $2 swing in Oil it'll be interesting how much is left in this rally.
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