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.

TSX:ATH - Post by User

Athabasca Oil Corp > An interesting read supporting 100 dollar oil into next year

<< Previous

Bullboard Posts

Next >>

Comment by Tartar3on Jun 21, 2021 11:13am

146 Views

Post# 33420170

RE:RE:An interesting read supporting 100 dollar oil into next year

It a thesis worth considering, but no one ever mentiions the elephant in the room(China) they are sitting on about 1 billion barrels of crude, and when the price gets to high for them they'll dump some on the market just as they did with other commoditiies last week, it may only crash for a few days or weeks or not at all, but watch out for it, no report or analyst mentions this as a possiblitly, as all jump on the bandwagon of $100 crude, once everbody gets to one side of the boat we all know what happens, this is all speculation and I hope it never happens, but I think China will demonstrate its economic hegemony to the world over and over again in the coming years, the USD,bitcoin,commodities, is oil next their next target?