In ordinary times, an up-and-comer such as Athabasca Oil Corp. would be reaping the benefits of its hot oil sands and light oil prospects in Alberta, a top technical team and a partnership with deep-pocketed PetroChina.
Athabasca Oil Corp. finds itself between a rock and hard spot these days. With its flagship Dover oil sands project getting pushback from the wealthy Fort McKay First Nation, the market is nervous the dispute will delay a $1.32-billion cash payment ...
The proposed Dover project, a joint venture between the Athabasca Oil Corp. and PetroChina, includes well pads that would be as close as one kilometre from a reserve where members of the band fish, hunt for moose and deer and trap beavers and fishers.
In energy, Athabasca Oil Corp. (TSE:ATH) stretched this year's losses to more than 31 percent, falling over 3.5%. The Calgary-based oil producer said that net losses widened in the first quarter as administrative and general expenses increased.
Athabasca Oil Corp logo TD Securities cut shares of Athabasca Oil Corp (TSE: ATH) from an action list buy rating to a buy rating in a research report sent to investors on Wednesday morning, Stock Ratings Network.
Suncor Energy Inc. (SU) and Athabasca Oil Corp. climbed at least 2.6 percent as oil rose for a third day. Just Energy Group Inc. added 6.9 percent after RBC Dominion Securities Inc. said a dividend cut is not imminent.