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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 29, 2022 5:13pm
231 Views
Post# 34927983

Saudi Arabia Expected To Slash Oil Prices To Asia

Saudi Arabia Expected To Slash Oil Prices To AsiaYou have Russia selling cheaper Oil and now Saudi Arabia will be selling their Oil cheaper and I can only assume that other countries will follow suit because everyone wants to sell their Oil and if it means selling it cheaper than the US then that's what they will do, We're heading into a global recession which always cuts demand and I have posted how tough times are getting in Europe people won't be able to afford higher prices and the US is in the same pool and if gasoline and diesel head higher that will cut down on driving. How in the hell can Oil rally with all the headwinds working against Oil? I could only assume that Oil producers are seeing exactly what I'm seeing so even though they are selling Oil cheaper it's still going to be higher than Oil by year's end heading into 2023.
Oil at $97, lets make money!



Saudi Arabia Expected To Slash Oil Prices To Asia | OilPrice.com


India Cuts U.S. Crude Imports By 50% As It Buys Discounted Russian Crude | OilPrice.com
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