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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 BigJakeon Dec 20, 2023 10:31am
138 Views
Post# 35793698

RE:Cenovus will no doubt aquire ATH in 2024

RE:Cenovus will no doubt aquire ATH in 2024
DukesMtl wrote: With this new partnership having formed, the writing is on the wall in my opinion for all the benefits that aquiring ATH would offer CVE.

No doubt, the management of ATH is just waiting for the right offer.

Or it could be a secure supply of condensate for both companies thermal assets. Doesn't hurt that it's going a private company 
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