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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 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

Athabasca Oil Corp > Can't wait for tomorrow!!!
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Comment by Tartar3on Dec 29, 2021 1:13pm
192 Views
Post# 34268124

RE:RE:RE:RE:RE:Can't wait for tomorrow!!!

RE:RE:RE:RE:RE:Can't wait for tomorrow!!!From SA today:

The Biggest Oil Market Surprise For 2022 Is OPEC+'s Inability To Meet Its Quota

Dec. 29, 2021 1:06 PM ETDBE, RJN, JJE, JJETF, USO, DBO, USL, BNO, OLEM, OILK, USOI, OLOXF, OILX

Summary

  • OPEC+ won't meet its production quota in 2022.
  • Looking at crude export data, OPEC + Russia have increased crude exports by ~1.8 million b/d. But all of that and more came from Saudi, UAE, and Kuwait (+2 mb/d).
  • Even Russia is seeing a pause in production increase despite having higher production quota. The same goes for Iraq.
  • IEA's oversupply assumption in 2022 assumes OPEC+ to meet its production quota. With oil demand surprising to the upside and supplies likely disappointing to the downside, IEA's oversupply forecast will not pan out.
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