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 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.

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Athabasca Oil Corp

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Post by MLEWICKIMBAon Mar 14, 2024 1:41pm

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Post# 35933141

WCS Tighteness and maybe a crisis coming in the next 60 days

1. Mexico Heavy Oil Refining Expansion now keeping heavy barrels out of the US Gulf Coast.
2. At least two other heavy oil expansions have been commissioned in the last six months
3. TMX Pipeline commisioning soon
4. Spring maintenance means at least two weeks of reduced production within Q2

$70.00 WCS Soon and even higher by July......

ML

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