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 > Oil Underpriced

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Comment by uwebb429on Dec 29, 2023 1:33pm

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Post# 35804254

RE:Oil Underpriced

Cole Smead's previous advice in September did not turn out so great for Pipestone shareholders.

https://www.bnnbloomberg.ca/video/takeover-by-adam-waterous-is-a-sweet-deal-for-pipestone-cole-smead~2775227

The Saudi's do not need $100 oil to be profitable and neither do most U.S. or Canadian oil companies. Newer drilling techniques like longer laterals are being used to increase production at a lower cost.

ATH just needs the TMX pipeline to get finished in Q1 2024 and not two years from now.

$75 oil is profitable for ATH, especially if the WCS WTI differential drops below $10 this year.

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