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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 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.


TSX:ATH - Post by User

Comment by Maxmoeon Jan 19, 2022 12:38pm
138 Views
Post# 34333332

RE:Nothing to worry. Elon cannot get batteries run this world!

RE:Nothing to worry. Elon cannot get batteries run this world!A curious question. How many BILLIONS of barrels of oil will be used to create the EV vehicles, motors, infrastructure, batteries, etc etc to get to each 10% displacement of oil consumption? It's an overlooked equation. There is simply not enough spare oil to burn, pun intended, for EV to displace ICE at anything other than a gradual slow rate.
Paray99 wrote: Oil will shortly hit $100 for sure. Nothing can stop it, if you and me need to pump gas to run our car and need to heat our homes in winter, and need to eat. Also, majority of industries run on oil/gas, not even thinkable of batteries. ATH will be getting over $1.60 by end of this week. 


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