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.

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Athabasca Oil Corp > Large crude draw is expected...

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Comment by lovehockeyon Dec 05, 2023 6:32pm

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Post# 35770017

RE:Large crude draw is expected...

API reported a small build. I do not believe it personally. The markets are all screwed up. Physical oil is fully disconnected from oil on paper. I think the US authorities plan to keep the oil prices below $75 until something happens, like real shortage of physical oil. I will not be surprised if we will see $60 going forward. Watch out.

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