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 > I don’t get that selloff today

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Comment by MLEWICKIMBAon Jul 27, 2023 12:07pm

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Post# 35559718

RE:RE:I don’t get that selloff today

The selloff is due to irrational traders and small holders.

1. So what the cash went down -- they are investing it in increased production.
2. There was less production because of wildfires
3. There was maintenance I think -- Q2 always has May maintenance
4. Oil prices were lower

All these things were known.

Last 27 days better prices and today 80 bucks WTI and $64.00 WCS -- $1,000,000 CAD everyday in cash flow currently and for 2H 2023 looks the same.

Tomorrow back up my guess.

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