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 > 32% of share buyback target met YTD

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Comment by uwebb429on Jul 05, 2023 3:01pm

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Post# 35527809

RE:32% of share buyback target met YTD

The oil market should tighten up during Q3 and Q4. The new TMX pipeline will be up and running soon after that. Saudi Arabia realizes that producing less oil to maintain the price makes more sense than flooding the market with cheap oil.

The WCS WTI differential is already in the low $10 range for August. With more and more share buybacks, ATH is in a great position to appreciate during the next year.

https://www.dailyoilbulletin.com/markets/

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