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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 > Correlation
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Comment by Cobalton Jan 20, 2022 4:58pm
265 Views
Post# 34339420

RE:RE:Correlation

RE:RE:Correlation
Renofund wrote:
Tartar3 wrote: Big believer, But? positve correlation to falling oil prices, and zero correlation to rising oil prices lately, could signal a short turn top maybe? not only ATH but most CDN oil stocks, as usual, I hope to be proven wrong


Sometimes stocks overshoot, become overbought, etc.  perfectly normal.  



Last time the sector got overbought was Oct took 3 months to work off for the next leg up , stronger bull now so 1.5 months?


 

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