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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 uwebb429on Jan 22, 2024 12:58pm
170 Views
Post# 35839208

WTI $75.00

WTI $75.00WTI just reached $75 bucks and Brent is a hair over $80.

https://www.oilsandsmagazine.com/energy-statistics/real-time-oil-prices-wti-brent-wcs-energy-stocks

I think oil will continue higher this summer but for ATH, the current price level is going to be just fine. Once the TMX pipeline starts flowing in a couple of months, the WCS WTI differential will quickly start to drop, never to hit $20 or $30 ever again. If the U.S. does not want Canadian WCS oil, the Asian market will be happy to buy WCS at a price that is fair to Canadian oil producers. 

ATH cash flow and share buy backs this summer will be going up as fast as Canada's National Debt clock keeps going up.

https://www.debtclock.ca/
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