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.

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Athabasca Oil Corp

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Post by smallcaptdron Apr 11, 2023 6:17pm

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Post# 35389570

$81+ Oil

Since OPEC announced cuts Oil is now set to break through resistance, I hope, at the market close I loaded up on ATH, BTE and I already hold a fair chunk of CPG and this time I'm putting my money on my prediction of $82+ Oil and I'm not seeing any headlines of Oil heading towards $85 so I do feel exposed but the shares that I hold will always be worth money. API showed a surplus of just enough to do an Oil change so it shouldn't detour the bulls. We'll know in the morning if I made the right move or if I need to buy more to average down.

Commodity Forecast 2023/2024 (tradingeconomics.com)

United States API Crude Oil Stock Change