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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 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.


TSX:ATH - Post by User

Athabasca Oil Corp > So Predictable.....CHINA!!
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Comment by matt2018on Sep 01, 2024 9:39am
215 Views
Post# 36204538

RE:RE:RE:RE:RE:So Predictable.....CHINA!!

RE:RE:RE:RE:RE:So Predictable.....CHINA!! these OPEC guys leak news in advance of what they are thinking about doing to test the market reaction.
Quite a coincidence that 6 officials "spoke to rueters" about this on Friday and then Oil price headed straight down.
They were hoping that market sees it as a wash, increasing some production at Libya's expense, and Oil price holds steady.
Many of these OPEC nations depend on that Oil revenue to meet fiscal budgests so they dont want to add more barrels at a cheaper price. Defeats the purpose.
At the same time, they see production growing in places like Guyana, Brazil, Canada.
They are in a tough spot.  U.S. shale production was supposed tp start decreasing, according to their models.
Eventually somethings got to give on the supply side.
ATH is going to do fine because of the stellar balance sheet.






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