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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Post by smallcaptdron Apr 25, 2023 11:31am
150 Views
Post# 35412449

Oil will rebound..

Oil will rebound..Oil was looking bullish yesterday but I wanted to see Oil over $79.50 to sell me on a trend reversal and that hasn't happened yet $77- seems to be looked at as support and if you look at the "1yr" chart this level for support can be traced back to Sept 2022 draw a line through it.. OPEC should revise its cuts by 300,000 bpd. With support being traced back so far and with OPEC cuts coming I'm not throwing in the towel yet. Overseas had $79.30 Oil...


Crude oil - 2023 Data - 1983-2022 Historical - 2024 Forecast - Price - Quote - Chart (tradingeconomics.com)
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