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 > $100 oil

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Comment by ComradeKomissaron Jul 09, 2021 10:23am

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Post# 33520814

RE:RE:RE:RE:$100 oil

Maxmoe wrote: The last leg of the race, as nuttall has often mentioned, is the passing of the shares to generalist institutional investors that finally capitulate and buy the oil patch. I've seen that movie over and over in oil, in mining, in biotech, etc etc

If Jamie McRae is to be believed, the generalist are tardy, and I suspect they won't come until next year. Last quarter, foreign funds bought about $9B in energy stocks(80% specialists, not generalists), Canadian funds bought $800M.

The 'generalissimos' want to see 2022 budgets (even 5 year plans). Everyone seems to have PTSD, and ESG mandates have hobbled the woke pension plans, especially Candian ones.