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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...
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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TSX:ATH - Post Discussion
Athabasca Oil Corp
> Global Inflation
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•••
smallcaptdr
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Post by
smallcaptdr
on Nov 30, 2022 12:23pm
Global Inflation
Shouldn't take long to hit 2% maybe in 2024 when the FED is looking to be close and the rest of the world's Central Banks will keep increasing Interest Rates till they get closer to 2% so 2023 recession will come with a vengeance kicking Oil down to $65 so enjoy every bump higher with Oil because it could be the last. Everyone that predicted that Oil could hit $85 today is getting a taste of reality.
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•••
jjjorge35
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Comment by
jjjorge35
on Nov 30, 2022 2:53pm
Recessions rarely result in a decline in oil demand. Read a book, you're in over your head.
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