ATHOF News and Press, Athabasca Oil Corp From 07/10/20

Oil companies that have committed to ship their crude on the Keystone XL pipeline will be on the hook for millions in contingency payments to TC Energy (NYSE: TRP ) if the pipeline is canceled, Financial Post reports. More news on: TC Energy Corporation, Suncor Energy Inc., Canadian Na...

The S&P/TSX Composite Index (INDEXTSI: OSPTX ) was trending upwards early on Friday (June 5), increasing 333.46 points, to 15,861.33. Rising oil prices were pushing the index up as investors awaited an OPEC meeting that could extend supply cuts. In other commodities, gold was tradin...

Athabasca Oil ( OTCPK:ATHOF -2% ) discloses its lenders lowered the maximum amount the company can borrow against the value of its untapped oil and gas reserves to C$42M. More news on: Athabasca Oil Corporation, Energy stocks news, Read more ...

Canadian heavy crude oil has surged to its strongest price vs. futures since at least 2008 , Bloomberg reports, as oil sands producers cut production and Enbridge ( ENB +1.9% ) agreed to open part of its pipeline system for storage . More news on: Enbridge Inc., Imperial Oil Limited, C...

Athabasca Oil ( OTCPK:ATHOF ) announces a C$70M upsizing of its contingent bitumen royalty with Burgess Energy, along with additional measures in response to the decline in global oil prices. More news on: Athabasca Oil Corporation, Energy stocks news, Read more ...

Alberta Premier Kenney is pleading for " significantly more action " from Canada's federal government to support the energy sector as demand for crude collapses due to COVID-19. More news on: Suncor Energy Inc., Imperial Oil Limited, Canadian Natural Resources Limited, Energy stocks news, ...

Athabasca Oil ( OTCPK:ATHOF ) says it has fully suspended its Hangingstone oil sands operation in Alberta in response to sharply lower global oil prices. More news on: Athabasca Oil Corporation, Energy stocks news, Read more ...

The price of Western Canadian Select crude tumbled today to a fresh record low of $4.58/bbl, meaning Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, Bloomberg reports. More news on: Enbridge Inc., Cenovus Energy Inc...

Canada looks like it will be the first big victim of the oil price war between Saudi Arabia and Russia, after the benchmark blend of crude produced from the country's oil sands plunged to a record low of $7.47/bbl today, Bloomberg reports. More news on: Suncor Energy Inc., Imperial Oil L...

Alberta's government could mandate further oil production cuts if rising crude supplies and falling prices threaten the survival of drillers in the province, Premier Kenney says. More news on: Cenovus Energy Inc., Suncor Energy Inc., Imperial Oil Limited, Energy stocks news, Read mor...