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 Aug 05, 2022 2:29pm

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Post# 34874857

US Baker Hughes Rig Count out and Canada PMI & FED decision

Both US Rig counts are down, Crude Rig counts down 7 and Total Rig counts down 3. You can see how many Drilling Rigs have been added since May and this is why Oil and NG will decline as more of these Rigs get tied into production.
Also out today were Canada's PMI numbers which tumbled to 49.6 in July from 62.6 in June the lowest reading since Dec 2021 showing a contraction in economic activity.
The next FED Interest Rate Decision is Sept 21
I see Oil and NG declining in Sept and I can see $75 Oil and $4 NG by year's end conservatively.

The next FED Interest Rate decision is Sept 21 and they are predicting 3.5% by years end
United States Fed Funds Rate