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 > Cenovus deal

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Comment by Deutz9170on Dec 20, 2023 2:27pm

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Post# 35794286

RE:RE:RE:RE:Cenovus deal

The company had two scenarios for the share price to go to 6 dollars. A buyout or 100 barrell oil. The big buyout is now off the table. If 100 barrell oil doesn't develop. CVE gets this company in the future for 2 dollars. I'm glad I locked in my 22x gains. This explains the parting out of the others assets a few months ago. CVE has taken contol over the company . Joint venture???! I guess a person would have to be smoking one to believe this narrative.

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