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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 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

Athabasca Oil Corp > ATH to sell off before Friday market closing bell.
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Post by DukesMtlon Nov 21, 2023 12:43pm
194 Views
Post# 35746715

ATH to sell off before Friday market closing bell.

ATH to sell off before Friday market closing bell.Super low volume today! 

Investors will sell out of the energy sector before the OPEC meet up this Sunday.

Could see a POP on Monday should further cuts be announced over the weekend.

If OPEC stays the course with current cuts which is already priced in, we could see a correction to the downside come Monday.
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