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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

Post by andy604on Sep 12, 2024 3:43am
113 Views
Post# 36219797

Shut ins holds WCS prices steady

Shut ins holds WCS prices steady
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) tightened slightly on Wednesday:

 

* WCS for October delivery in Hardisty, Alberta, settled at $13.65 a barrel below WTI, according to brokerage CalRock, having settled at $13.80 a barrel under the benchmark on Tuesday.

* Canadian heavy crude prices are holding relatively steady so far this month, while volatile moves in the global WTI market have driven down the outright price of WCS, which was just under $54 a barrel.

* Global oil prices climbed more than 2%, driven by fears of lengthy production shutdowns in the U.S. offshore oil patch, which Hurricane Francine was barreling through on the way to landfall in Louisiana.

(Reporting by Nia Williams in British Columbia; Editing by Alan Barona)


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