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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

Post by smallcaptdron Jul 21, 2022 9:05pm
224 Views
Post# 34842065

G7 Sanctions

G7 SanctionsEveryone knows that the G7 plan on capping Russia's Oil and they think that it could be in place by the end of the year. I think that all they're going to do is cause a crisis in Europe if Russia shuts off all the Oil and Gas. Plus by year's end Oil will be at $75 so why bother capping it any lower. If the G7 were smart they would just forget about capping and join forces and go into Ukraine and help them out and put an end to the war that would make the most sense. Or sanction other products that are going into Russia like food or other life dependencies that Russia depends on coming from other countries or sanction exports from Russia other than Oil and Gas. All the members of the G7 go home to a peaceful world and sleep comfortably not even caring how many people would die during the winter months with no NG. Oil seems to be building a base around $96 - $97 and last time it sold off from basing. JMHO
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