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 > Modelling, Not Projections

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Comment by MLEWICKIMBAon Jun 28, 2023 2:31pm

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Post# 35519035

RE:RE:Modelling, Not Projections

A car is a 30k to 100k investment for an EV.

A machine or a piece of equipment are heavy duty.

Some of the are UTTO or STOU.

I'm sure CAT and JD and the European equipment makers are trying to have EV options but we are talking big cash outlays.

I revert my comment to the following:

1. Any O&G firm that acquires a competitor or an add-on is seeing its shares plummet. So it has to make sense. Look at Baytex.

2. We will see in 5 months the Capex budgets for 2024 which will be survival for current production levels.

EN will be communicating that in the fall.

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