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

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Post by bosstradeon Oct 06, 2021 7:13pm

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Post# 33977814

WCS diffs, higher. This won’t last

Canadian heavy crude’s discount to West Texas Intermediate (WTI) widened slightly on Wednesday.

Western Canada Select heavy blend crude for November delivery in Hardisty, Alberta, settled at $12.70 per barrel below the WTI benchmark, according to NE2 Canada Inc, compared with Tuesday’s settlement of $12.60 a barrel below the benchmark.

The discount on heavy crude has been inching wider since the start of this month’s trade cycle, retreating from recent five-month highs hit in anticipation of Enbridge Inc bringing its Line 3 replacement project into service.

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How one company is disrupting PoC testing