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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

Post by numb3ron Aug 11, 2022 5:58pm
216 Views
Post# 34889890

I had a feeling taht $95 was the limit

I had a feeling taht $95 was the limitwith oil declining over the past couple weeks we were do for a rally higher but how long will it last before reality sets in that demand is softening and a economic slowdown is in our sights. Already the US housing market is hurting because of interest hikes and rental units are climbing in cost. If new home purchases start to decline that will affect millions in the labor force from tradesmen to employees who work at factories that manufacture toilets which will be used to flush our money down when oil starts its trend back down. This rally hasnt convinced me that times are bullish but we'll head back down to the $80 oil once again. Everywhere you look in the world there are bad times hurting hundreds of millions of people who cant afford daily necessities because of global inflation and it has been times like these that have happened before recessions, theres no stopping it now the wheels are in motion. The roaring 20's are heading for a crash once people start defaulting on loans because payments are too high because of interest you'll be paying intrest on little on principle. They say history repeats itself so the roaring 20's seem fit in 2022.
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