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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 8:01pm
224 Views
Post# 35234586

IEA outlook was the game changer..

IEA outlook was the game changer..Oil definitely looked bullish when IEA came out with its forecast because OPEC was for things to stay the same so their report wasn't as bullish but IEA forecast is on the reliance that China carries 50% of the Oil demand which to me is a tall ask considering that China manufacturing is freefalling along with the US its biggest customer who might not be as supportive as China would hope for when it comes to supporting their economy with the US economy contracting itself. It's really going to be a race from here on who will come out with market-sensitive data first the US recession or data proving that China is turning things around. Putin came out today verifying that Russia did turn up production in 2022 and right now they are storing Oil as sanctions mess with them but Russia doesn't follow rules and I'm sure that they are delivering more Oil than credited for. For now, see where Oil goes next week and what drivers there are.



Global oil demand set to break record with half of gain from China: IEA (aa.com.tr)

Russia scaled up oil production by 2% in 2022: President Putin (aa.com.tr)

OPEC keeps world oil demand growth unchanged for 2023 (aa.com.tr)
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