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 > Disappointed day today

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Comment by uwebb429on Apr 12, 2024 10:13pm

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Post# 35987136

RE:Disappointed day today

The release this morning of the IEA Oil Market Report - April 2024 is what side swiped oil stocks today. Their view of oil demand growth for 2024 and 2025 is a lot more conservative compared to what OPEC and others are predicting.

https://www.iea.org/commentaries/oil-demand-growing-at-a-slower-pace-as-post-covid-rebound-runs-its-course

On Twitter today Eric Nuttall referred to the IEA as "eco-evangelical". That sums up what Eric thinks about the IEA and their numbers.

If Iran and Israel start shooting missiles at each other this weekend, the price of oil has nowhere to go but up.

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