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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

Post by Greendayon Jan 22, 2021 12:36pm
102 Views
Post# 32360104

Bonehead Biden

Bonehead BidenSo Bonehead's first day in office was to put 11K pipeline workers out of work with the stroke of a pen.  Trump put them to work on his day one and Bonehead fired them on his day one.  Bonehead clearly doesn't appreciate the contribution that the energy sector makes to society.  The old man can no longer speak without sounding like he has marbles in his mouth and he should be playing checkers in a seniors facility and not be starting one of the most difficult jobs in the world.  Bonehead is being selfish for putting his legacy ahead of the well being of others.

Having said that, Bonehead could be good for the price of oil.  The laws of supply and demand still apply regardless of who is in office and if Bonehead continues to try restrict supply with draconian energy policies, then the price of oil will increase.  Changing the demand habits of oil consumers is an extremely difficult long term task.  Bonehead will be well gone before that happens.  
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