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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.


TSX:ATH - Post by User

Athabasca Oil Corp > WCS Improvement
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Comment by cahclickon Feb 23, 2024 7:14pm
108 Views
Post# 35896693

RE:WCS Improvement

RE:WCS Improvement

uwebb429 wrote: An interesting slide from MEG's presentation that shows the reduced WCS differential as soon as the new TMX pipeline starts flowing. Canadian heavy oil producers like ATH and MEG should see improved cash flow in Q4 2024 compared to 2023. 

https://twitter.com/Gugo907/status/1760384538663166392

 

If the predicted wti/wcs differential predicted by MEG turns out to be true, it'll be a huge windfall for MEG and ATH.

Nice close today. Another 52 wk high.

go ATH go

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