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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 Moremoney4uon Jul 08, 2022 8:20am
183 Views
Post# 34810501

CHINA, 220 bln stimulus

CHINA, 220 bln stimulusChina, stimulus package, going to really kick start their econonomy. That means oil, all the economies will be hurt by the rise in interest rates, however, the underlying stength, the pent up demand, the desire to travel, drive, etc., is still there. The temporary set back is going to give OUR supply chains the time to CATCH UP. ATH, very highly leveraged to oil, will have AMAZING EPS, FCF, ETC., in these coming QRTS. ALONG, with the majority of oil companies. There has been some huge voilumes that went through recently, ERIC has bought back in, along with other LARGE fund MGRS. GREAT endorsement. THE earnings coming out soon. dips are great good to reload. LOAD UP THE TRUCK. HAPPY CAPITALISM.
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