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

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Post by andy604on Jun 27, 2024 1:45am

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Big Investors love oil

Why Big Investors Are Doubling Down Right Now on Oil & Gas Stocks

By Alex Kimani - Jun 26, 2024, 7:00 PM CDT

In the current month through June 17, Berkshire Hathaway deployed $434.8 million into Occidental Petroleum, adding to its already huge position.
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Energy Transfer LP (NYSE:ET), PG&E Corporation (NYSE:PCG) worth more than $800 million combined are now in David Tepper’s top 12 holdings. Meanwhile, Carlos Slim’s Empresarial de Capitales has invested $75.5 million into PBF Energy (NYSE:PBF).