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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

Comment by Lukespapaon Dec 20, 2020 10:59pm
184 Views
Post# 32150449

RE:RE:RE:RE:Like oil.....but

RE:RE:RE:RE:Like oil.....butThe other thing to consider here is scale. I'm sure we're headed away from fossils fuels on a mass scale one day significantly enough to make a difference but it won't be in my life time. There are very unique regions/cities in the world that are years ahead of the rest of the planet but they're an anecdotal example. Scandinavian culture embrassed a different life style a long time ago. Are they a good example? Absolutely. Will this drive any significant (global reaching) change anytime soon ? I don't think so. I don't know the answer to our environmental problems facing our planet and I worry for my kids and grandkids but the world we live in today is going to continue to depend on fossils fuel for many years to come and as emerging economies continue to grow like in Asia and Africa, demand on fossil fuel is unfortunately going to increase before it decreases. Its probably a conflict for many of us (especially us longs) I'm also Canadian so I've seen the economic melt down killing Alberta's economy and personally think Trudeau's policies are grand standing if nothing else. Liberals have historically gone the direction of preventing winds...Canada can become carbon neutral while killing significant parts of the economy and will have accomplished absolutely nothing globally. China isn't going to pay much attention to good global citizens while they're busy tending to their economic powerhouse Just my view.
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