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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 smallcaptdron Jul 11, 2022 10:24am
138 Views
Post# 34814975

Trading volume low on "Oil"

Trading volume low on "Oil"Looks like the US traders are lost with no real direction and it shows in the current volume. You always see heavy volume around 9:15am when you have the US traders jumping in and overseas jumping out. Sooner or later I suspect that the US traders will throw in the towel and sell-off Oil. If Oil stays above $100 ATH will be in good condition. The real movement will be Wednesday morning. I sold off my ATH shares around $2.13 but I only held crumbs of 50,000 shares. I'll be watching Oil and ATH and HOD.  GLTA  JMHO  (always DD)
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