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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 Tartar3on Jun 01, 2021 8:21pm
198 Views
Post# 33308431

RE:Fundstrat's TomLee says it's time to 'HODL' the energy trade

RE:Fundstrat's TomLee says it's time to 'HODL' the energy tradeYes this could be a multi year trade, with all of the disinvestment over the past few years, the esg movement, and producers discipline( we hope), oil could be the place to be, my research shows when oil dips to a new yearly low it actually rises for an average of 2 years thereafter(minimum), we are in the first year of that recovery, and it should last at least into next year(minimum), using 2020 as my last yearly low point, what this means for ath is pretty obvious, but I won't give a price prediction since my crystal ball broke years ago, but I'm holding onto my shares into next year, the price appreciation of ath may surprise us all, even Nuttall, on the upside, btw I used a 70 year oil chart as my reference
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