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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 30, 2022 1:24pm
224 Views
Post# 34862356

Here's a great Rig Count for Canada

Here's a great Rig Count for CanadaMore and more drilling rigs are in action in Canada and because of this, there are issues with getting parts and services so if that sector could keep up then there would be a lot more drilling rigs exploring for Oil and NG and I would like to add that there's always natural gas as a byproduct of Oil wells so over time NG will be in surplus. I feel that it's very important to continue to always check what's going on in the Oil industry because competition in any sector has to be taken seriously. ATH makes their money in extracting Oil from sand, which is more costly than pumping from a well but who knows, maybe one of these drilling rigs is the beginning of a new Oil producing company that could be one of the best over time. ATH has been able to reduce costs in its process.  JMHO  (always DD)

Canada Drilling Rigs
https://ycharts.com/indicators/canada_oil_rotary_rigs
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