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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Comment by Tartar3on Aug 20, 2021 8:15am
235 Views
Post# 33738607

RE:Oil down again

RE:Oil down againCertainly has went down further and faster than I thought, companies are still very profitable at these levels, however, I consider below $60 the danger zone and we're getting pretty close, below $60 I think the price will be cut if half from here, it'll probably be a slow bleed like its doing now, a few percentage weekly until you look up and it's at .40 or .50cts USD, however, it will be a screeming buy at that point, all the info I am reading about the delta scare it's more hype than anything else, after all the media needs a new headline to capture eyeballs to sell advertisement.
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