Bullboard - Stock Discussion Forum 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... see more

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Athabasca Oil Corp > Big Investors love oil

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Post by andy604 on Jun 27, 2024 1:45am

Big Investors love oil

Why Big Investors Are Doubling Down Right Now on Oil & Gas Stocks

By Alex Kimani - Jun 26, 2024, 7:00 PM CDT

In the current month through June 17, Berkshire Hathaway deployed $434.8 million into Occidental Petroleum, adding to its already huge position.
David Tepper and Carlos Slim are also making major bets on major energy names.
Last year Buffett opened a $4.1 billion position in Chevron.
Energy Transfer LP (NYSE:ET), PG&E Corporation (NYSE:PCG) worth more than $800 million combined are now in David Tepper’s top 12 holdings. Meanwhile, Carlos Slim’s Empresarial de Capitales has invested $75.5 million into PBF Energy (NYSE:PBF).