Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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.

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Athabasca Oil Corp > Crude demand not declining in recession pattern

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Post by smallcaptdron Jul 31, 2022 1:29pm

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Post# 34863179

Crude demand not declining in recession pattern

Here's a different aspect to my beliefs but it'll take months for Interest Rate increases to start showing that the economy is slowing drastically, I'm not against Oil prices climbing because then we can all make more money trading energy stocks like ATH. I don't attack ATH I'm going after Oil prices and legitimate reasons why Oil could trade lower but with $98 Oil ATH is in the money as far as revenues go. I'm sticking to my beliefs that Oil will be at $75 years end but that's not saying that Oil won't trade higher before then nor after. Right now ATH is a buy in my books unless Oil drops closer to $90 JMHO (always DD)

https://oilprice.com/Latest-Energy-News/World-News/Energy-Aspects-Crude-Oil-Demand-Not-Declining-In-Recession-Pattern.html

ATH SP is definitely heading higher and this is exactly what you want a chart to look like.