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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 lovehockeyon Jul 26, 2022 12:16pm
193 Views
Post# 34851250

SPR drain

SPR drainAmericans are draining SPR in order to delay inevitable. We will have record high prices when the SPR is fully drained or too low. This approach is insanely stupid as it only achieves a short term solution to keep the prices low. Instead of letting oil find its balance they make sure they will make upcoming crisis much much worse. Fundamentals for oil hitting 200 bucks once SPR releases are stopped are very strong. This will be very difficult, cold and expensive winter. Hold on to your oil and gas stocks.
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