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 > Technical on Oil is "SELL"

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Post by smallcaptdron Aug 06, 2022 9:49pm

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Post# 34876774

Technical on Oil is "SELL"

We could see Oil slide further and extend the losses that started in June. In mid-June, I started to post that Oil by year's end would be at $75, and during the month and a half, all I got was flack from near-sighted people who kept insisting that Oil would NEVER trade under $100 for the rest of the year. You could have used this knowledge and made money. Rest assured that Oil will rally higher but the trend lower will stay intact. JMHO

https://www.tradingview.com/symbols/USOIL/technicals/

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