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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
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Post by smallcaptdron Jan 19, 2023 3:18pm
179 Views
Post# 35234026

Stopping SPR

Stopping SPRBiden has stopped drawing from SPR after seeing continued surpluses with Oil and they're waiting for Oil to head back to $70 to start the refill so where does Oil head from here? It does seem that $80+ Oil has been the resistance slowing Oil from heading much higher till data is bullish in manufacturing taking months. I did notice that gasoline is back up and if higher Oil continues Inflation will stay high forcing the FED to follow through with higher rates. If Oil ever did get extremely tight OPEC could reverse Oil production cuts by pumping 2Mil bpd back into the system.

The administration is negotiating purchases with U.S. energy firms to refill the reserve, starting with a base offer of $70 per barrel. 


Biden admin stops pulling oil from U.S. reserve after 14 months of draws  By Investing.com
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