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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Athabasca Oil Corp
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Comment by matt2018on Jan 14, 2020 6:31am
84 Views
Post# 30549813

RE:RE:RE:RE:RE:RE:RE:RE:Something does not add up

RE:RE:RE:RE:RE:RE:RE:RE:Something does not add upGood info Kramer..... SA has appr same population as Canada but consumes much more Oil as a nation. 
Over 4M bbs/day needed just for domestic use, thats why they are looking for alternative energy for uses like home electric as you mention.
Yes they need to keep drilling to maintain reserves/production but their costs are low.
All in at appr $10 bbl.  
Their plan is to try to difersify their economy away from Oil by selling piece of Aramaco to raise $billions to invest in other businesses but they still want Aramco to be #1 producer and the most profitable as well.




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