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Bullboard - Stock Discussion Forum 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... see more

TSX:ATH - Post Discussion

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Post by Greenday on Jan 20, 2021 3:32pm

USMCA

USMCA isn't worth the paper it's written on if Old Man Biden can unilaterally overrule it to suit his political agenda.  Why in the hell did Canada even bother entering into the USMCA when Old Man Biden can simply issue an executive order and kill a project like Keystone.  There's no point in even having laws and a regulatory process.  It's a waste of time of money.  Companies cann't operate with the Americans with all their political nonsense.  There's just too much political risk.

So what's going to happen with Keystone now?  Are they going to just leave it there and create an environmental nighmare?  Or are they going to start ripping it out of the ground?  And if they do start ripping it apart, who is going to pay for that?
Comment by Maxmoe on Jan 20, 2021 3:37pm
Same as when crazy lunatic trump overruled to suit his addle minded crazed lunatic agenda . It wasnt even "just politics".  Remember aluminum tariffs? The idiot didn't even know most of Canada's aluminum is American owned and/or needed by Americans for OMG BEER! THE HUMANITY! NO BEER!!!  
Comment by Greenday on Jan 20, 2021 3:44pm
@  Maxmoe - So the USMCA isn't worth the paper it's written on.  
Comment by Maxmoe on Jan 20, 2021 3:59pm
Yes it's frustrating, but I wouldn't unconditionally agree. It's better than nothing like we have with China and they screw us over every day. I don't know either if TC energy is any more of a "Canadian" company than imperial oil is.  Cancelling pipelines isn't just about economics unfortunately. If it was our own homegrown idiots would have approved the energy ...more  
Comment by Greenday on Jan 20, 2021 4:18pm
@ Maxmoe  - Absolute travestry that Energy East was stopped by Quebec.  I don't think the people of Quebec understand that Alberta and the pipelines have been financing a good chunk of their bills with transfer payments to them.  They're biting the hand that's been feeding them.  They'll probably be wondering what they were thinking when the transfer payments to ...more  
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