Athabasca Oil traded at 8.62 this Friday February 6th, increasing 0.49 or 6.03 percent since the previous trading session. Looking back, over the last four weeks, Athabasca Oil gained 34.48 percent. Over the last 12 months, its price rose by 75.56 percent. Looking ahead, we forecast Athabasca Oil to be priced at 7.80 by the end of this quarter and at 7.26 in one year, according to Trading Economics global macro models projections and analysts expectations.
Athabasca Oil Corporation is a Canada-based energy company, which is focused on the exploration for, and development and production of, light oil and liquids-rich natural gas from regions in northwestern Alberta, Canada, and bitumen from oil sands in the Athabasca region of northeastern Alberta, Canada. Its segments are Light Oil, including the Company's assets, liabilities and operating results for the exploration, development and production of unconventional oil, natural gas and natural gas liquids located in various regions in the province of Alberta, and Thermal Oil, including 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. The Company's principal properties include Kaybob and Placid asset areas located in northwestern Alberta and Hangingstone asset. The Company's other asset areas include Dover West, Birch and Grosmont.