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 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

Athabasca Oil Corp

<< Previous

Bullboard Posts

Next >>

Post by MLEWICKIMBAon Nov 30, 2023 10:41pm

237 Views

Post# 35762674

TMX and Summer Driving Season

Now there is a great combination.

1. TMX Line Fill reduces oil inventory in Canada by 10% or even 15% immediately.

2. It will take a few months for the oil businesses in Canada to gear up to meet the 590k bpd expansion.

3. Inventory of WCS and other grades will fall drastically.

4. 12 dollar WCS means at least 10% in revenue increase.

5. With ATH Leismer expansion and 5 dollar per barrel cost reduction it will be like a triple whammy.

A. Margin increase from cost reduction
B. Sales increase from WCS DIFF
C. Increase in production to 36k to 38k bpd in 2024

Upside good on ATH and others

Happy Friday

<< Previous

Bullboard Posts

Next >>

They started in video game investing, now they serve high net worth traders