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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 May 05, 2023 10:10am
190 Views
Post# 35432745

Oil is back...

Oil is back...Does everyone feel better now? it's too bad that everyone sacrificed the company's SP by buying into Armageddon so now we need to bump the SP back up to where they should be. Hopefully, this is another lesson to investors that you don't kill the cash cow because milk is on sale for a week. Don't trip over pennies on your way to dollars. Don't plan the funeral before the body is dead. The end game of no more Rate Hikes and lowering Inflation will add bullishness to Oil on top of OPEC cuts while the US stays resilient and strong. The FED will "always" throw money at any situation that will threaten the US into collapse especially when there's global tension and a war going on that involves nukes. The US has to remain strong in order to defend itself. Hitler tried to collapse Great Britain during the war by flooding the market with counterfeit British Notes to raise Inflation, it was a failed attempt so everything that comes out of Russia is BS, and Russia, China, and other reds would love to collapse the US from Internet attacks to spy balloons and this unrest is Oil's bullish partner. Plus Gold drop of over $50 shows fears subsiding. See the sun is out and things are fine after proving to the market that Oil won't test $65 and support was found higher this time.
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