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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 Nov 22, 2023 8:42am
197 Views
Post# 35748014

Days like this are why we don’t see massive up days anymore

Days like this are why we don’t see massive up days anymore Who wants to go long and be bullish anymore with Biden in charge of world oil prices with these weekly crude build bombs released by the US. He's determined to keep oil down until the next election. So what are investors to do in the meantime? Play the day to day swings or go long and sit put. It's very confusing. 
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