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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 unlimitedsonicon Feb 21, 2021 8:06pm
171 Views
Post# 32623273

RE:Could be a very nice summer $$$$$$

RE:Could be a very nice summer $$$$$$Bubba, with regards to Goldman raising their price, do you happen to have the link or the source for that info, please? And yes, if the price of Brent happens to be around the 70 or 75$ mark, it will be a great summer indeed. With the continuation of the vaccine roll out, lifting lockdown restrictions and increase of traveling, the demand for oil will likely increase this summer. Also, with talks of a possibility of a oil supercycle in the short term, the price for oil could be around the 100$ mark, which will be highly profitable. More reason for me not to sell ATH stocks.
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