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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 masfortunaon Mar 21, 2022 8:08pm
187 Views
Post# 34533017

RE:RE:Re Renewables

RE:RE:Re RenewablesHi Dandu,
Not sure if you ever travelled to China but here is the jist.  They have no large oil and gas deposits and require imports to supplement what they have.  That places a negative on their trade equation.  They also have a large segment of the popuation entering the middle class and buying cars. So having EV vehicules makes a lot os sense for them.  They do have largge coal deposits which they can generate into energy needed to power the gris neceassry to charge the vehicules. The coal they need is also supplemented by Canada and Australia (see TECK).

So going EV in China means more energy required to charge the vehicules produced by coal generated power plants.

Nice eh???
Mas
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