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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 Jan 13, 2023 2:53pm
152 Views
Post# 35222004

China Dec factory activity extends declines on COVID surge

China Dec factory activity extends declines on COVID surgeBefore Oil rallies to $90 it will take China to improve manufacturing being the backbone of the economy but they're in a steady decline right now so this will take months this is a little more complicated than turning off & on a light switch. It took 1/2 of a year for Oil to hit $120 and 1/2 year to be right back here so Oil will eventually pull back as the focus changes in the market after the market finds a fair price for Oil to reflect China's latest development. Timing in the market is everything. Oil finally broke through $80 I figured that the traders would want to plant their flag so we'll see if Monday will be green or red. all the best in your trades.


The Caixin/Markit manufacturing purchasing managers' index (PMI) fell to 49.0 in December from 49.4 in November. The index has stayed below the 50-point that separates growth from contraction for five straight months.

China December factory activity extends declines on COVID surge - Caixin PMI | Reuters
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