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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 Dibah420on Dec 15, 2023 10:24am
251 Views
Post# 35786571

Take a deep breath, folks

Take a deep breath, folksNeither Guilbeault nor Trudeau want  a TMX  millstone to hang around their necks in the upcoming elections.......any more than it already is.  They would love to have it up and running and sold if possible so it is no longer on the govt's ledger.
I haven't wasted my time on the current arguments between TMX/CER and don't intend to in the future.
My take, briefly, is that TMX has asked for a smaller diameter pipe in certain regions where it is encountering hard rock.  How that destroys the environment as claimed by CER is beyond credence.  And we thought smaller was usually better!
CER can be persuaded to change.  Or, ultimately, the federal cabinet can simply over-rule them.

Too much at stake here for Ottawa to turn a blind eye,  or rather play deaf.

Cheers
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