RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
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Key Takeaways from Athabasca Oil Corp’s (TSX: ATH) Q3 2023 Earnings Report
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Highlights
Energy company Athabasca Oil Corp (TSX: ATH) is involved in exploration, development, and production of light oil and liquids-rich natural gas. The company has its operations divided into two divisions - Light Oil and Thermal Oil.
In the third quarter of the year 2023, the company recorded a production of 24,232 bbl/d following the ramp-up of Pad L8M with five sustaining well pairs. The company’s expansion project is progressing well towards 28,000 bbl/d production in mid-2024. Going forth, it is expecting a margin improvement of CAD 5/bbl due to higher operating scale.
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