ATHOF News and Press, Athabasca Oil Corp From 12/16/18

In a frustrating week for stocks in general, MLPs finished positive and midstream outperformed again. Over the last two weeks, MLPs are down 1.1% and midstream is down 2.5% compared with a 5.8% decline in the S&P 500. Utilities are up 1.7% over those same two weeks. Two zombie MLPs will ...

Just over a week after Alberta Premier Notley said oil producers would be required to reduce production by 8.7%, the price of heavy Canadian crude has more than doubled , in some cases rendering Western Canadian Select too expensive to ship south to U.S. Gulf Coast refiners. More news on:...

When Athabasca Oil ( OTCPK:ATHOF ) acquired more thermal oil production, management had plenty of work to do to prove to the market that this acquisition was going to work. A previous article had wondered if the company management had gone from the frying pan into the fire. But a funny thi...

During Q3, the limited capital program and the higher realized prices contributed to some positive free cash flow to reduce the debt. And considering the depressed Canadian oil prices due to pipeline restrictions, management had communicated the strategy to maintain the production flat in 20...

Athabasca Oil ( OTC:ATHOF ) Q3 results show the increase of the production lowered the per unit costs. Also, with high oil prices, the company generated positive total netbacks. Management communicated the 2019 capital program would depend on the oil prices. But with Notley 's decision ...

Rachel Notley did the right thing. With Western Canadian Select (WCS) Oil prices stuck in a new normal, and distress spreading across all grades of crude oil, she mandated production cuts from January 1, 2019 for the province's producers . The proposed cuts would take effect beginning i...

MEG Energy ( OTCPK:MEGEF -1.8% ) CEO Derek Evans says the company was considering laying off workers and cutting production at its Christina Lake project by 30% until Alberta’s mandated oil production cuts lifted prices for Canadian heavy crude. More news on: Meg Energy C...

Welcome to the intervene edition of Oil Markets Daily! Hey! WCS-WTI differentials are now trading in the low 20s high teens like we said 3 months ago! It's safe to say our call for WCS-WTI spread to narrow from the high $30s low $40s 3-months ago was the worst call in the world because...

Western Canada Select traded at a discount of $19.50/bbl below U.S. crude futures, Reuters reports, the smallest discount since July 18; WCS traded at a ~$28.75/bbl discount on Friday. More news on: Cenovus Energy, Inc., Canadian Natural Resources, Ltd., Suncor Energy Inc., Energy stocks n...

Premier Notley of Canada's oil-rich Alberta province orders companies to cut oil production by 8.7% beginning Jan. 1 in an attempt to lift depressed prices. More news on: Cenovus Energy, Inc., Suncor Energy Inc., Imperial Oil Ltd, Energy stocks news, Stocks on the move, Read more ......