Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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.

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Athabasca Oil Corp

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Post by smallcaptdron Feb 01, 2023 10:11am

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Post# 35259262

US ISM Manufacturing PMI (just out)

If you're waiting for the US Oil demand to increase through manufacturing we should talk in mid-2024 because the FED latest drive to push Inflation down using interest rate hikes will cause the US to continue to contract and usually, a reading will come in so low that we'll know then that its bottom 2024. Now all that's left is to deal with Oil surplus problems and the FED
Even if new orders are down again, it's not rocket science to see that the US Oil demand is weak.

US ISM Purchasing Manager Index (PMI)
United States ISM Purchasing Managers Index (PMI)