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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 OGInvest0ron Oct 17, 2023 4:03pm
231 Views
Post# 35687824

Nice new base forming in the 4.20s.

Nice new base forming in the 4.20s. Some would call the last few days a snooze fest but sometimes no news is good news after such a climb. Can't go up in a straight line or the crash could be just as quick. I view Ath since the great bottom at 13 cents like an escalator with periods of a flat step like pattern vs an elevator which is only up! 
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