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.

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Athabasca Oil Corp > The share is not popping, just sleeping

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Comment by MLEWICKIMBAon Dec 12, 2022 11:22am

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Post# 35166157

RE:The share is not popping, just sleeping

1. SHORTS
2. FEAR
3. LOW VOLUME
4. LACK OF NET BUYERS
5. MGT CANNOT BUY SHARES YET
6. WCS PRICE ISSUE
7. INTEREST RATES

PRELIMINARY 2022 Results due February 2023. March 2nd, 2023 results out. Expect 300M C$ in year end Liquidity. Even 75$ WTI with 15$ differential amazing for Athabasca in 2023. Could be a shortage of WCS by July 2023 with two Cenovus refineries recommisioned and Mexico refinery commissioning.

I would like to see a merger or takeover. Leave that to destiny...

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