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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 > Oil is up today morning!
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Comment by MigraineCallon Dec 08, 2022 9:24am
168 Views
Post# 35158663

RE:Oil is up today morning!

RE:Oil is up today morning!Hold your horses fella.

Oil popped on the news of the Keystone shutdown, unknown how long it will be off for as of yet.
Brent up by 1/2 as much, so fade WTI.

If the pipeline is repaired and back online quickly, expect further short term downside. Long term very bullish though.

Paray99 wrote:

Yesterday's big drop even after depleting US SPR and much lower weekly inventories was very dramatical. So, obviously today morning oil is $3 up. Now we have to see how it hold on through the North American market day. Expect bears work their ways in when US markets are open. 

I just heard on BNN that oil supply is excess in North America.... They already started working through the media!



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