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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

Comment by lovehockeyon Aug 01, 2022 4:29pm
218 Views
Post# 34864463

RE:Biden's releases are murdering WCS

RE:Biden's releases are murdering WCSI did read enough about these SPR releases, this is a very sophisticated scheme where the biggest victim is Canada. So the plan was from May to October to release 180 mln barrels. As we can see majority of it is sour oil which is very important for refineries in Texas and Louisiana. The thing is they also have a very strong desire to refill these at fixed prices. Guess who will be filling these SPR's at low prices? Canada! They will force Canadian producers to hedge @$60- $70 meaning that the plan is to drop the price to $50 at some point, if they can achieve that. Our PM is on board, guaranteed. We have no option other than to comply. We are being robbed as of right now. The only way to fight it is to close the taps. Let them drain their SPR and do not seel them at long term fixed prices.  
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