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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

Post by MLEWICKIMBAon Nov 07, 2023 12:04am
240 Views
Post# 35720741

WCS -- Due for a correction upward

WCS -- Due for a correction upwardEven where it is and with the CAD it is not that bad but not as good as Q3 but still ok.  Canadian firms got better at exporting and Iran has stagnated as reported.  Venezuela will also not perform like the USA wants and Mexico is gearing up for the next stage of their new mega refinery.  China also will have continued strong demand as this year the China New Years event will not be impeaded like last year.

ATH should be rewarded for what they have accomplished to date in 2023. 4.15 is too low.  I expect some improvment in the WCS price mid November.  

And when there is a hint of TMX conclusion then the trajaectory will begin.

Put the noise away.  OPEC will keep their cuts as lomg as possible especially given that 2024 is an election year and the FEAR of TRUMP is Real. OPEC needs another year of 90+ so all of those countries including Russia can shore up their balance sheets and budgets.

Will be an interesting November.

ML

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