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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 Jun 01, 2023 2:52pm
280 Views
Post# 35475462

Oil bulls drawing the line at $70...

Oil bulls drawing the line at $70...Regardless of where Oil closes today, this is what we've been waiting for as the Debt Ceiling crisis progresses positively the next hurdle after that will be June 14th FED Rate Decision but we'll be on more solid ground once the Debt Ceiling is in rearview mirror.  CPG, BTE, and ATH are all having a positive sigh of relief after the market crucified them 100% due to the FED and everyone else for pouring salt on the wound whenever any FED was quoted with negative remarks for no reason and now the market is slowly rebuilding but today is what we all wanted. Give the market time to sort through this and you'll see money flowing back in. Bulls always put people in a great mood
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