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 Duxingon Nov 30, 2017 6:37pm

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Post# 27068074

US total crude inventory dropped 109 million barrels

Fro March 31 to November 24! That is 458k barrels per day!
Don’t count how much demand will grow in 2018 and calculate how much more inventory will be drawn by December 31, 2018:
403 days x 458k = 185 million barrels!

Even OPEC stops the deal on December 31, 2018, the cut will drain US crude inventory until March 2019!

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