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 > Canadian energy sector will be in pain until Dec

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Post by lovehockeyon Aug 03, 2022 10:34am

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Post# 34867967

Canadian energy sector will be in pain until Dec

SPR releases will be 95% sour oil. It directly competes against WCS. Unfortunately out of 180 mln barrels planned to be released only 80 mln have been released. Biden's administration has 100 million more barrels to flood American energy market. That is a lot. I am personally not selling and instead spending every cent into buying more. We will have amazing 2023 but for now it will be 3 to 4 months of pain.

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