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 retiredcfon Sep 30, 2024 9:04am

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Ink Research

At the sector level, Energy insiders are sending a strong signal that the group is undervalued. The INK Energy Indicator ended Friday a touch over 350%. Earlier this month, the indicator hit 433%, a level not seen since the gloomy spring of 2020. While we understand some economists are concerned about the health of the global economy, insiders are behaving in a manner that is consistent with the view that investors have become too pessimistic on their outlook for oil & gas stocks. Moreover, we expect there is case to be made for the oil group to serve as a hedge to geopolitical risks which seem to be elevated as we start the week.

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