Bullboard - Stock Discussion Forum 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... see more

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Athabasca Oil Corp > 28% of gulf oil still offline. Wont recovered for weeks. BUY

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Post by bosstrade on Sep 17, 2021 8:33am

28% of gulf oil still offline. Wont recovered for weeks. BUY

According to the EIA, US oil production fell from 11.5 million bpd before the hurricane to 10 million bpd for week ending September 3. Production rose a mere 100,000 bpd in the next week, ending September 10. But the next reporting period, which ends tomorrow, will also be depressed, with half a million barrels per day still offline as of Thursday.

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Comment by bosstrade on Sep 17, 2021 8:51am

Like tamarack valley (tve), this will fly. These prices areva gift still. Oil is going to go higher regardless of world economies not wanting it too. Its too late to up production and not enough oil is available. ATH will refinance because management makes too much money. Take a 10% refinance deal on 300 mill after paying a little down. Its still peanuts when they can make a couple of hundred mill ...more

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