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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

Post by smallcaptdron Mar 23, 2023 3:21pm
146 Views
Post# 35357069

Oil like teaching an enemy how to swim in Detroit River

Oil like teaching an enemy how to swim in Detroit RiverAs soon as it comes up for air shove its head back underneath. I'm not betting on a bullish end to the week and don't take my word look at how Oil and Gold are trading today. If you look at Oil trading before COVID when all countries were moving along Oil traded at an average of $50+ it only changed with Russia, how bullish will China be if Europe and US are in a 2-year recession plus there's so much Oil builds are at their highest since May 2021 and top this off with a banking crisis on everyones mind no one wants to risk losing money like today investors paying at days highs only to watch Oil sink below $70 again plus when overseas see todays trading they might be bearish for Friday's trading. Any word of a bank in trouble regardless of the severity will be devastating to the markets. Russia is 100% focused on China and meeting its needs so very little demand is left for our Oil. The best part is Biden dumping Oil in Apr another 26Mil barrels so Apr will keep the US saturated. Back to $65 by the looks of today trading come back in June. There's NO good news!
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