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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

Comment by bullhorn3on Jan 17, 2024 10:43am
120 Views
Post# 35831168

RE:RE:Opec sees robust oil demand next year:

RE:RE:Opec sees robust oil demand next year:Their forecast was correct, at least in US (the only place that matters in the world, evidently). Huge oil demand. But also, huge oil supply and huge oil price manipulation. Unless there is a war that interferes with oil supply, WTI will be forced low until the upcoming US election so that current government can point to their ability to 'stabilize' gasoline prices. So, sell ATH and every other oil producer while share price is high, then wait for the election to finish.

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