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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.


TSX:ATH - Post by User

Athabasca Oil Corp
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Comment by bosstradeon Dec 15, 2019 10:36pm
103 Views
Post# 30457901

RE:RE:WTI @ $60+

RE:RE:WTI @ $60+

Below is from Husky website. No brainer for them to buy. Would be shocked if they don't make an offer in next couple of weeks.

REDUCING EXPOSURE TO THE DREADED HEAVY OIL DISCOUNT

Heavy oil processing capacity at the company's refineries is also expected to rise from the current 190,000 bbl/day to 220,000 bbl/day over the next five years. The increase will push Husky's total heavy oil processing capacity from 48% to 55%, and reduce exposure to the Canadian heavy oil discount. 

Lima Refinery

The Husky Lima Refinery, located in Lima, Ohio in the U.S Midwest, processes light crude oil. A crude oil flexibility project underway is expected to increase heavy oil processing capacity to 40,000 bbls/day by the end of 2019. The refinery currently can process about 10,000 bbls/day of heavy crude.


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities