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 > I've been here before with ATH

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Post by DukesMtlon May 02, 2023 1:23pm

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Post# 35425486

I've been here before with ATH

Sold 80% position at 3.40-3.45 range and then 10% at 3.30 and last 10% at 3.10 today. With MEG's dissappointing earnings, we know ATH should follow suit on May 10th. Also, banking crisis heating up in the USA and interest rate hike tomorrow pushing us closer towards a reccession. Credit Crunch already in play.

All of these factors and more putting pressure on Oil. Springtime is always a soft time for Oil as winter heating demand unwinds and this time, people are consuming less of everything due to inflation.

OPEC will probably announce a further cut in 1-2 months. Will revisit ATH in the lower 2 range.

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