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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 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

Post by smallcaptdron Jan 18, 2023 10:33am
185 Views
Post# 35230497

All the bullish cards are on the table

All the bullish cards are on the tableChina opening its borders was the biggest driver for Oil over the last 10 days then OPEC came out yesterday with their market outlook along with IEA today giving another driver for Oil so that's all the main drivers that the markets were waiting, for now, let's see how far these 3 bulls can carry Oil before the hype has passed and the markets start to focus back on the economies because at some point this rally will do an about-face just like all the other time's Oil has rallied higher. Today has been mild with no big moves with Oil because usually, we see Oil making larger moves when overseas exits, and the US has been drifting which doesn't seem all that bullish after IEA forecast one would have thought that the announcement would cause a $2 spike which leads me to believe that the market could be close to finding a price for Oil until facts of growth and demand start to back the price. Oil just popped into $82 so if the US is bullish then Oil should hit $83 and since Oil was at $81 when trading was done for us yesterday Oil is only up $1
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