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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Athabasca Oil Corp
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Post by smallcaptdron Sep 27, 2022 7:20pm
143 Views
Post# 34990801

Cant see Oil running high tomorrow or it would of today

Cant see Oil running high tomorrow or it would of todayOnce again API shows a surplus and SPR is running on empty but they'll fill their tanks with cheap Oil. Oil is still in the $70+ so until Oil gets back up into the $80+ there's still a possibility that Oil could sell off tomorrow because there's no need for higher Oil prices right now and Oil only got up around $2 at the highest today so it's far from being bullish and the DOW was down again so until something changes traders they are looking at a bearish economy. We'll have to see if they're in a bullish mood across the pond tonight but I can't see that happening with everything that's going on in Europe. Oil could stay in the $70+ tomorrow and China the second largest Oil consumer is set to slow to 2.8% this year down from 8.1% in 2021. My prediction of $75 Oil is now at $65 by year's end unless something changes production the global recession is a real fact.

Technical on Oil
Technical Analysis of CFDs on Crude Oil (WTI) (FX:USOIL) — TradingView
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