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Bullboard - Stock Discussion Forum 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 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

TSX:ATH - Post Discussion

Athabasca Oil Corp > Finally a solid reason for us going down this week…
View:
Post by OGInvest0r on Oct 24, 2023 7:07pm

Finally a solid reason for us going down this week…

Ath is very very heavy on WCS production. 

see article below from 430 today  

Heavy Western Canadian Select crude in Alberta traded at a $25-a-barrel discount to US benchmark West Texas Intermediate on Tuesday, the widest since January, according to data compiled by Bloomberg. The difference was $10.20 a barrel in early July. A grade of light crude called Edmonton Mixed Sweet hit a discount of $5.65 on Monday, the widest in almost two years.

Canada’s pipelines have been forced to ration their space this year amid signs oil production is rising before the startup of the expanded Trans Mountain pipeline system next year. For November, Enbridge Inc. increased apportionment on its Mainline system, the country’s largest oil export pipeline network, to the most in about two years.

Alberta’s total crude output rose to 3.01 million barrels a day in August, the highest since May, Alberta Energy Regulator data show. But the true output is almost certainly higher as the data has excluded output from Suncor Energy Inc., one of the largest oil-sands producers. The increased production is coming amid a heavier-than-usual refinery maintenance season in the US, which has spurred increased Canadian oil exports off the US Gulf Coast.

Comment by dandu1924 on Oct 24, 2023 8:03pm
Yes, but all the canadian oil  stocks are reacting with the WTI,   the fundamentals are not taken anymore ex: buyback, debt reduced, free cash flow, dividend, etc, nothing is working right and fair in this oil sector for now and I hope  the things will return  as in the past, otherwise nobody  will be interested to invest in the oil stocks except the fake investors ...more  
Comment by Rscarth on Oct 24, 2023 9:17pm
Make a 10% dividend and watch what happens
Comment by Rscarth on Oct 24, 2023 9:17pm
Make a 10% dividend and watch what happens
Comment by Maxmoe on Oct 25, 2023 1:02am
Absolutely nothing will happen except the boo-birds will start asking when it will be cut. Name one energy stock, heck name one stock on the entire exchange , with a big yield, that has come even close to the stock performance of ATH. Use 10%, use 5%, use 3%, the answer is the same. Not one high yielding stock has done squat. The big divy puts a lead anchor around the neck. Unless you think we' ...more  
Comment by Deutz9170 on Oct 25, 2023 9:50am
I support a diverse. But this is a good point.
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