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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

Comment by Deutz9170on Feb 17, 2023 3:21pm
103 Views
Post# 35292747

RE:RE:RE:It is a brilliant

RE:RE:RE:It is a brilliantSo he is brilliant because he sold oil out of the SPR for 76 dollars a barrell, then buying oil 365 days later, at 65. After paying administration and transport costs. Making about two dollars per barrel.  That's 50 million dollars dollars prophet for a country that pays interest on 32 trillion dollars of debt. And runs trillion dollar year deficit. Hardly seems worth it, when you consider how unstable the worlds oil  supply chains are . BYAFI.
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