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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.


TSX:ATH - Post by User

Athabasca Oil Corp
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Post by smallcaptdron Aug 04, 2022 4:00pm
131 Views
Post# 34872109

This will put another stake through high NG prices

This will put another stake through high NG prices

Permian’s Natural Gas Takeaway Capacity Set To Rise!  NG has so much production from being a byproduct of Oil wells and NG wells that NG will be at $2 by the middle towards the end of 2023 because all this extra production that's going on combined with a global recession is going to be the killer to high prices. Oil production is also increasing from additional wells coming online daily and Oil is faced with the same headwinds. Now when Oil rebounds to $90+ Oil it'll seem high and today we are at a 23-week level that hasn't been seen since the Russia war started so that whole $100+ Oil has been wiped out like it never happened. How many analysts are walking around Wall St with their head hanging low after saying that Oil will stay above $100 for the year and just get used to higher Oil.  lol


Permian’s Natural Gas Takeaway Capacity Set To Rise! 

https://oilprice.com/Latest-Energy-News/World-News/Permians-Natural-Gas-Takeaway-Capacity-Set-To-Rise.html

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