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 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.

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Athabasca Oil Corp > Activist Investor Urges More U.S. Shale Production.

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Comment by Moneyloopon Mar 18, 2022 6:57pm

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Post# 34526998

RE:Activist Investor Urges More U.S. Shale Production.

Moneyloop wrote:

( In a blink of an eye,funny how things change ) freaking typo.... lol

The founder of the Engine No. 1 activist investor that challenged ExxonMobil’s strategies and won seats on the supermajor’s board last year, is calling for more oil supply from the Permian basin to reduce dependence on foreign suppliers.

The Permian and the U.S. shale patch as a whole are “arguably the most transition-aligned oil and gas production today” because of the quick-turnaround with high returns compared to long-duration capital-intensive projects, Christopher James, Founder and Executive Chairman at Engine No. 1 wrote in an opinion piece in The Wall Street Journal.
Following the Russian invasion of Ukraine, and the U.S. ban on energy imports from Russia, officials, and politicians have changed the tune to the U.S. oil industry, saying that boosting supply from America is providing for its energy security. The U.S. oil and gas associations have been sending that message to the market and to policymakers for years.

( In a blink of an eye,funny how things changes )