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 > Oil Draws 🛢 to Continue -- spring has sprung soon

<< Previous

Bullboard Posts

Next >>

Post by MLEWICKIMBAon Mar 12, 2023 7:51am

372 Views

Post# 35333198

Oil Draws 🛢 to Continue -- spring has sprung soon

1. Spring is about to start and product demand increases.

2. China reopening and mega vessel loadings in play unlike before -- hence 6 dollar differential between Brent and WTI. MEGA VESSEL LOADINGS UP LAST TWO MONTHS. 1 MORE MONTH VESSEL CAPACITY WILL BE IN USE. FULLY!

3. You dont want to be short crude if you are a refining nation. Especially next two months.

4. Limited production growth til opec decides in June.

FOR ATH ITS STEADY AS YOU GO WITH DAILY CASH GAINS.

EXPECT NO MORE RATE HIKE IN CANADA THIS YEAR.

EXPECT MAYBE 1 OR TWO 0.25 RATE HIKES IN THE USA BUT ALREADY BLOW BACK ON THAT HAS BEGUN LAST WEEK.

<< Previous

Bullboard Posts

Next >>

Canadian artificial intelligence ETFs