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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 > Trump and Danielle Smith
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Comment by matt2018on Jan 16, 2025 11:43pm
89 Views
Post# 36408369

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Trump and Danielle Smith

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Trump and Danielle Smithyou need to do the math.
US runs through 20M bbl/day of Oil (appr 16M for their domestic use & 4M for their export business).
They produce 13.5M bbl/day of Oil.
They import 6.5M bbl/day
Appr 4M bbl/day comes from Cda, the rest from Opec+
As Jimmy has mentioned here on this board, the refineries in the US south are tooled for the heavy oil that comes from oil sands.  Mexico & Venez have heavy as well but not as much and not reliable supply.
If US does not need Cdn oil as you think, they certainly need to get it somewhere else or they can forget about their daily export business that makes them a fortune.
I know Trump has said, we are going to "drill baby drill".
Even so, how long and how much investment will it take to increase supply by just another 1M bbl/day.


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