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 > US New York Empire State Manufacturing

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Post by smallcaptdron Aug 15, 2022 6:05pm

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Post# 34897813

US New York Empire State Manufacturing

No wonder Oil is in the $80+ again with numbers like this from NY Manufacturing you can't get any worst with the lowest readings since 2020 COVID times. Whoever said Oil looked bullish is selling bull. Plus the housing market has been in a steady decline and interest rates haven't even started to reflect their true potential for future hurt to the housing market. Gone for a week missing BS hype which falsely drove Oil higher but theres too many negative figures to support Oil over $90 or even for $85 Oil I can see Oil steadily declining back down towards $80. Volume on ATH has dried up showing that investors have left last week when SP was higher there are no longs left just traders. JMHO (always DD)

US Nahb Housing Market in decline
United States Nahb Housing Market Index