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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 geezer21on May 20, 2022 9:23pm
176 Views
Post# 34699929

Record Heat Wave = Increased Nat Gas Consumption

Record Heat Wave = Increased Nat Gas Consumptionhttps://www.zerohedge.com/weather/quick-shot-heat-roast-100-million-people-northeast
 

Quick Shot Of Heat To Roast 100 Million People In Northeast

by Tyler Durden
Friday, May 20, 2022 - 08:40 PM

About 100 million people in the Northeast will be blasted with a quick shot of heat and humidity this Saturday and Sunday. High temperatures are expected to range between the upper 80s and mid-90s from Ohio to Washington, D.C. to Baltimore to Philipehia to New York City. 

AccuWeather meteorologists say some cities in the Mid-Atlantic and Northeast could see the hottest conditions since last August. In some metro areas, record highs for this time of year that have stood the test of time could be broken. 

Daily record highs that have stood since the World War II and Great Depression eras will be challenged at a number of locations. At Philadelphia, temperatures could approach the record of 95 set in 1934 on Saturday. In both Raleigh, North Carolina, and Albany, New York, the daily records for Saturday, May 21, were set in 1941. The record in Raleigh is 96, while the record in New York's state capital is 91. -AccuWeather

"Early season heat with likely record high temperatures will spread from the South into the Ohio Valley, Mid-Atlantic, and Northeast on Friday, Saturday, and perhaps Sunday," the National Weather Service said. The agency has issued a Heat Advisory along the I-95 corridor in the Northeast. 

It's the first time since 2006 that a Heat Advisory for New York City has been issued for this time of year. Tomorrow, high temps in Central Park could reach 93 degrees, tying a record for the date. The quick blast of heat comes as temperatures in the urban park between the Upper West and Upper East Sides of Manhattan haven't even breached 80 degrees yet this year. 

"The brunt of it should just be a one-day thing ... at the minimum, we will be close to all the records in NYC," Matt Wunsch, a weather service meteorologist on Long Island, told Bloomberg.

Wunsch said it's difficult for temperatures in the Northeast to get so hot this time of year because the Atlantic Ocean water temperatures are still very cool. However, the heat is coming from Great Plains, where a megadrought continues to ravage the area.
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