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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 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

Bullboard Posts
Post by Lukespapaon Nov 04, 2020 7:18pm
391 Views
Post# 31839791

I'm no expert but...

I'm no expert but...I'm no expert here but to me slow and steady wins the race and thats how Athabasca appears to me. Very much uncertain times and across the entire industry. No one in that patch is prospering. So cost controls, timely shut downs and restarts, hedging is the best they can do. At the end of the day if they cannot withstand what ever is yet to come than it will have been a much more imdistry widespread negative impact I'm afraid. There might also be consolidation in the sector.
Bullboard Posts