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 > Return of Capital Commitment

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Comment by Maxmoeon May 11, 2023 10:32am

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Post# 35443035

RE:RE:Return of Capital Commitment

You got this backwards maybe Matt? If the differential drops from $25 to $15, that's a good thing. A VERY good thing. Example? If WTI is 75, and the differential is $25, that means WCS is $50. If the differential drops to $15, WCS raises to $60 if WTI remains unchanged. That's a 20% improvement in revenue for producers selling at WCS. When transmountain kicks in and we can sell wcs overseas instead of all going to the USA, the spread may drop to ZERO. Even better.

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