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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

Comment by Maxmoeon Nov 22, 2023 9:08am
116 Views
Post# 35748069

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

RE:Days like this are why we don’t see massive up days anymore I find it humorous to read about how Biden is a feeble doddling old fool meant for "the home" not the White House. But also he apparently can manipulate daily or weekly oil inventory and global oil markets at his whim. Sorry, both can't be true, but both can be FALSE. Oil has always been very volatile and subject to so many different variables that it's nearly impossible to predict short term. Ie a month or two, forget a day or week. We can choose to gamble every day predicting an unpredictable commodity or we can choose to invest and ride it out when it's down. I prefer the latter because anyone who makes a short term trade and gets it right, is just lucky and will inevitably get it wrong the next time. I think I'll just sort my socks or something else today. Here come the boo-birds who will claim they "nailed it" on the price of oil. 
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