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 > The question of $100 oil is only WHEN

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Comment by Chris007on Feb 16, 2021 2:29pm

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Post# 32575478

RE:RE:RE:RE:The question of $100 oil is only WHEN

Chris007 wrote: To be fair, I don't think there ever were too many "electric cars or trucks running around Texas" in the first place.

I live in Alberta...same story...Teslas are pretty few and far between. Oil country is not big on EVs, surprise surprise. lol

Backinblack1000 wrote:

Don't imagine there are too many electric cars or trucks running around Texas right now....what do you think??

Chris007 wrote: Telsa sales have collapsed in Europe, but its not because EVs are losing popularity. Tesla has been losing market share in the European EV market as VW and Renault-Nissan-Mitsubishi have caught up in the space. This in and of itself shouldn't be surprising...its extremely bizzare that the market prices Tesla as if it has a monopoly in the EV market

https://www.cnet.com/roadshow/news/tesla-ev-sales-western-europe-falling/

Tesla obviously offers a qulity product...but its insane to think that none of the tradional automakers will ever be able to catchup with it.

lovehockey wrote: Is it this year?
Is it next year?
Is it by 2025?
Is it by 2030?

Transition to EV's is choking. Tesla sales in Europe are collapsing, people learn that the range anxiety is real, the charge network is only somewhat accessible in larger cities, people finally understand that turning heat on kills the range where in ICE vehicles it doesnt, to build a proper infrastructure to support charging will cost trillions of dollars that will come out of our pockets, price of EV's and similarly equiped ICE vehicles is not even remotely close, price of charging can skyrocket any time. All of this is a wake up call that our reliance on the OIL is only going to increase. We have gone through a period where oil prices were kept artificially low but now this will come to an end.

What do you guys think? I think 2022 we for sure will see $100 WTI.