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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 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

Comment by matt2018on Jan 21, 2025 6:04pm
50 Views
Post# 36414237

RE:RE:RE:RE:RE:RE:Trump talks too much

RE:RE:RE:RE:RE:RE:Trump talks too muchthe history has been more complex than that Oil2018.
Failure of building Pipelines to coasts aside, did you know the old NAFTA agreement basically gave the US first right of refusal for Cdn energy.
I copied the clause below.
Although we were somewhat handcuffed, we already had the worlds largest consumer of energy in our backyard, who also happened to be the most wealthy nation.
What better customer can you ask for?   So other costly avenues were not pursued.

The "proportionality clause" originally appeared in the Canada-U.S. Free Trade Agreement of 1988 and became a major issue in that year's federal election that returned Prime Minister Brian Mulroney to office.
The clause can be invoked if a government in Canada reduces U.S. access to Canadian oil, natural gas, coal, electricity and refined petroleum products without a corresponding reduction in domestic access to those products — in other words, the ratio of energy exports versus supply must remain consistent, or proportional.
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