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 > COP pays 9.5 billion for 200k barrels from Shell

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Post by bosstradeon Sep 21, 2021 2:02am

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Post# 33890976

COP pays 9.5 billion for 200k barrels from Shell

ATH is 400 mill for 34,000. COP buys 200,000 bpd divided by ATH 34,000 bpd is 5.8. Round to 5 for easy calculation. Round 9.5 billion to 10 billion. 10 billion divided by 5 is 2 billion for 34,000 bpd.
Divided that by 2 because Canadian oil and equals 1 billion. Divide that by 2 because of Canadian oil again and it equals 500 million. Shows how ridiculously cheap ATH is when pipelines come into play.

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