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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 Longgame99on Mar 13, 2023 4:14pm
111 Views
Post# 35335848

RE:Bank crash

RE:Bank crashAnd Jimmy, if you read up on Silicon Valley Bank problem- they got locked into the wrong asset with their surplus cash on hand and then Powell cranked the rates, so they didnt have enough  cash to service their own debt and couldnt make the call - temprary setback - they wont "crash" - just got thrown into "protection" mode until they restructure their debt obligations - short term blip - bad move on their part, but the majority of their assets are still safe  - just read a bit on it - all is well on that deal. 
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