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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

Post by Moneyloopon Mar 14, 2022 10:53am
219 Views
Post# 34511570

Nuclear Talks suspended.

Nuclear Talks suspended.

Congress Calls For An End To Nuclear Talks After Iranian Missile Attack,last week.

Following the strike, several U.S. legislators from both parties called on the Biden administration to pull out of the Iran nuclear talks.
Western countries have dismissed the demand as unacceptable, and the United States has said it will not agree to it,
Reuters reported on Friday. If the talks collapse as a result of this flare-up of tensions, this could see Iran really get down to business on nuclear weapons, Reuters noted in its report, which could lead to more Western sanctions against Tehran.This, in turn, would boost international oil prices further and hit European and U.S. consumers harder—an outcome that governments are desperately trying to prevent.


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