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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 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

Post by jjjorge35on Dec 06, 2023 4:49pm
181 Views
Post# 35771834

Reality

RealityThe sad reality is OPEC+ has 5+million bpd of spare capacity, and TMX will be lucky to be online by q3 2024.

This too shall pass.

the good news?  half the shale plays aren't profitable with WTI below $70, production will wane.  And the SPR still needs filling. 

Still a very nice balance sheet and fundamentals for long term play.  buy more! 
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