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 > Where SP were, are, and going to be,

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Comment by Jim12345on Nov 26, 2022 12:44pm

145 Views

Post# 35130685

RE:Where SP were, are, and going to be,

smallcaptdr wrote: I feel that I need to explain this, SP reflects revenues first and far most so when you have a commodity selling off and SP remains higher than normal eventually will correct, and investors need to realize that $100 Oil is gone and $90 has been phasing out leaving $85 as being high except for a couple of runs up to $93 were it could never stay in the $90. So if Oil will be trading in the $70+ to lower $80 then SP needs to adjust from being overinflated on hopes of $90-$100 Oil happening. Look at the history of Oil prices in years leading up to 2022 when Oil exploded because of the war and right now with everything going on its time to remove the risk factor that Russia will shut off Oil because of G7 and the ailing world cutting into Oil demand and $65 could be hit 2023. SP are overinflated today.

U.S. Crude Oil First Purchase Price (Dollars per Barrel) (eia.gov)

BTE 5yr

CPG 5yr

ATH 5yr