ATHOF News and Press, Athabasca Oil Corp From 06/24/19

Athabasca Oil ( OTCPK:ATHOF ) recently reported access to more liquidity than the market value of its stock. This financially leveraged Canadian producer reduces risk with that cash balance and access to debt lines until the Canadian challenges become more manageable . "As at March 31, ...

Canada's federal government says it will move ahead with the Trans Mountain pipeline expansion, offering some relief to the country's oil and gas sector constrained by a years-long pipeline bottleneck. More news on: Suncor Energy Inc., Imperial Oil Limited, Canadian Natural Resources Lim...

Canadian oil production will grow by an average 1.4%/year until 2035 , according to a new forecast from the Canadian Association of Petroleum Producers, cutting its guidance from five years ago by half due to the lack of new pipelines and inefficient regulation. More news on: Suncor Energ...

Alberta's provincial government says companies will be limited to producing 3.71M bbl/day of crude oil in July, keeping curtailments unchanged from June, and has not determined levels after July. More news on: Suncor Energy Inc., Imperial Oil Limited, Canadian Natural Resources Limited, ...

Alberta's government production cuts have failed to reduce a glut of oil in the province, according to Genscape data, which says Western Canadian crude storage inventories hit a record high of 37.1M barrels in April. More news on: TC Energy Corporation, Suncor Energy Inc., Imperial Oil L...

Athabasca Oil ( OTCPK:ATHOF ) announced a cash hoard of C$468 million during the end of the fiscal year press release. That cash offset a considerable amount of debt. Pro forma net debt was C$292 million. This company has a great record buying and selling properties and in production. Theref...

Athabasca Oil ( ATHOF ) reported a disastrous Q4. With the depressed Canadian oil prices and because of the diluent costs, the company almost realized negative net sales. Also, management recognized an important impairment of thermal oil assets. Since the beginning of the year, the Canadian ...

Alberta's provincial government eases restrictions on oil production , saying it will increase crude production limits by 25K bbl/day in May and another 25K bbl/day in June, allowing output totaling 3.71M bbl/day. More news on: Suncor Energy Inc., Imperial Oil Limited, Canadian Natural Re...

North American energy traders are reluctant to take up long-term positions on Canadian crude price moves , preferring to stick to spot deals, as the unexpected one-year delay to Enbridge's ( ENB +1.9% ) Line 3 pipeline project adds to uncertainty around government intervention in the ma...

With the Q4 results , Pengrowth ( OTCQX: OTCQX:PGHEF ) announced a strategic review because of its refinancing challenges . The company is facing the consequences of dealing with high debt and some short-term maturities in the context of a depressed Canadian oil environment. ...