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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

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Comment by Lou793on Jun 29, 2020 8:17am
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Post# 31201942

RE:Alberta Premier Kenney’s Speech Monday

RE:Alberta Premier Kenney’s Speech MondayAthabasca Oil and other companies in the sector need funding for their debt.  The capital markets have dried up for highly indebted companies.  Premier Kenney and Federal Finance Minister Morneau will step up today.  Kenney wouldn't launch Alberta's reboot without the support of the Feds.  The Feds need to build some goodwill in Alberta.  Let's hope Athabasca Oil will be a beneficiary.
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