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 > Stat is gone from Calgary

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Comment by Chris007on Jan 13, 2021 10:42am

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Post# 32284402

RE:RE:RE:RE:Stat is gone from Calgary

Indeed, they left the oil sands, long ago (hence the sale of assets to ATH).

As pointed out, they are still very much present, in Canada, operating offshore in the maritimes.

That being said, Equinor itself is undergoing an internal reoriganization of its business units:

https://www.equinor.com/en/news/20201116-structure.html

It looks like they have a new incoming CFO, as well:

https://www.equinor.com/en/news/20201216-appoints-cfo.html

fellowship wrote:

Maxmoe wrote:
They left Canada years ago so it's not news at all. They have no operations in Canada so I'm not sure why they haven't closed all their offices here. Seems like a waste of money to me, but it's not my money.

fellowship wrote: Has nothing to do with anything. They are not leaving Canada. Only consolidating their offices.

They are operators in St. Johns as per their website.
https://www.equinor.com/en/where-we-are/canada.html