Athabasca Oil Corp.'s acquisition of Statoil ASA's oil sands assets takes the Calgary-based company's transformation “to another level”, prompting Desjardins Capital Markets to upgrade its rating to Buy.
Handout/Athabasca Oil Sands Corp.Athabasca needs a WTI oil price of US$40 to US$60 per barrel to breakeven on its single wells in the region, though the company was transitioning to a different technique to drive down its costs.
CALGARY, ALBERTA--(Marketwired - Nov. 3, 2016) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or "the Company") is pleased to announce an upsizing of the previously completed Contingent Bitumen Royalty on its Thermal assets with Burgess ...
CALGARY - Athabasca Oil Corp. has finally banked cash - $600-million of it - from PetroChina to settle the giant Chinese national oil company's takeover of the Dover oil sands project triggered four months ago.
Athabasca Oil Corp. will maintain its light oil production while ramping up output to nameplate at its Hangingstone thermal oilsands project with a $91-million 2016 capital budget, it announced late Wednesday.