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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 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

Athabasca Oil Corp > Is it time for the industry to stop investments?
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Comment by matt2018on May 11, 2023 2:21pm
208 Views
Post# 35443731

RE:Is it time for the industry to stop investments?

RE:Is it time for the industry to stop investments?Not many are bringing on new production wokelemming.
Oil companies have mostly been paying off debt during this cycle just like ATH.
Others have also been returning money to shareholders (dividends/buybacks), rather than sanction new investment.  Ath started doing this now as well.
Oil price has been kept down through massive releases of SPR.
The reserve was at 640M bbls when Biden took over. Whats it at now, half of that?
The releases will stop end of June.  By then OPEC could cut again.
If Russia keeps producing full throttle to take money out (war effort) without reinvesting back in, what do you think happens with that production.
Could be a self induced cut.
This thing is a long way from playing out.





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