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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 Dec 30, 2021 11:04am
179 Views
Post# 34270820

RE:Biden's Agenda could send oil over @100.00

RE:Biden's Agenda could send oil over @100.00And there will be another coordinated response to lower prices again, you can count on that, 22' is an election year after all, and politicians will be politicians, probably will be a temporary effect, if any, but looking like your doing something is more advantageous than doing nothing, especially in an election year, I would look for action if oil approaches or nears $90 brent, if it does next year, which should make for an interesting year when/if the market comes to the belief nothing can prevent high prices when years of under investment, esg & opec+ spare capacity issues come to the forefront, will shale oil come to the rescue? when Biden pleads drill bay drill, lol
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