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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

Post by smallcaptdron Jan 11, 2023 12:14pm
199 Views
Post# 35216006

Volume for shares are light

Volume for shares are lightIt seems that the masses aren't sold on this latest push on Oil China being questionable on COVID and the time it could take for China to do a 180 having numbers backing it. Oil Stock came in with a huge surplus, we know that the US refinery was down along with the Colonial #3 line but also Keystone was down for a month we are dealing with headwinds all the time with drops in manufacturing for the US & China is keeping investors from jumping in with both feet and without buyers share prices are weak regardless of any movement in the commodity and we're always waiting for the next shoe t
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