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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 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.


TSX:ATH - Post by User

Comment by bullhorn3on Sep 12, 2023 10:19am
179 Views
Post# 35631317

RE:WCS 71.40 USD

RE:WCS 71.40 USD As WTI rises, ATH stays constant (more or less). Because, as WTI rises, the economy suffers more, causing stock prices in general to drop. You may have noticed some posters saying they hoped WTI would stay below US$80. Because, as WTI risies above that, the FED and US government will imagine new ways to halt the rise in WTI and save the economy. With rising WTI, BTE will benefit more than ATH (I own both) and the generalized drop in share prices will be more severe for ATH than BTE. As WTI drops, which it will 'shortly', BTE will sink faster than ATH because it is more leveraged (two edged sword, causing rapid rise in BTE on good WTI days and rapid fall when BTE falls).  Sooo, ATH owners, don't rejoice in WTI rise as much as some posters say you should.

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