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

Bullboard Posts

Post by TheMechanic2020on Mar 06, 2020 2:31pm

129 Views

Post# 30776705

I've lost my shirt, I can't believe this is 29.5 cents

Not only did OPEC+ fail to reach an agreement to extend cuts by an additional 1.5 million barrels/day, but they also won't even be extending the current cuts beyond March 31st. The OPEC+ countries will just keep pumping out oil and flooding the market starting April 1st at exactly the time when demand is so weak due to the coronavirus.

We could see WTI fall to $25, and ATH might fall to 15 cents. What an unmitigated disaster.

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