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Author Topic: Athabasca struggles to manage oil patch’s new normal Back to Topics
Nicoalbum

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Ottawa

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Message Posted: May 1, 2013 1:26:12 AM

In ordinary times, an up-and-comer such as Athabasca Oil. would be reaping the benefits of its hot oil sands and light oil prospects in AB, a top technical team and a partnership with PetroChina.

But these are not ordinary times, and Athabasca is struggling with a perfect storm it says is largely outside its control — a dispute with aboriginals, depressed oil prices from lack of export pipelines due to political posturing, third-party operational setbacks, unfulfilled joint ventures, and market nervousness that delays in collecting $1.32-B from its Chinese partner could push the company into a cash crunch.

“We’re in the penalty box today,” CEO acknowledged as the company’s shares slid 1.8% to $7.29.

The mood reflects uneasiness about its future, largely due to lack of new pipelines. Lar
Visit Financial Post for full article
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: May 5, 2013 11:35:00 PM


You sound like Humbles little bro. Let him speak for himself.

And, BTW, how long has it been since you have been neighborly? People how live in glass houses.....
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jrs4125
Champion Author Indiana

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Message Posted: May 2, 2013 4:52:48 AM

Doooooooh
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: May 2, 2013 12:11:09 AM


Humble...is the US supposed to bail out Canada when they pull a boner? No country should become that dependent on a neighbor.

Politics are a funny thing! Very undependable.

Incidentally allie is spelled with a 'y'.



[Edited by: LetemEatCake at 5/2/2013 12:13:38 AM EST]
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Bttlecat
Champion Author Oklahoma City

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Message Posted: May 1, 2013 11:10:46 PM

Another Canadian petro problem.
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bills299
Champion Author Atlanta

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Message Posted: May 1, 2013 6:28:00 AM

ok
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humblepie
Champion Author Toledo

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Message Posted: May 1, 2013 6:12:50 AM

and the big owes help is nowhere to be found, what an allie
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USMCturtlehead
Champion Author Lexington

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Message Posted: May 1, 2013 6:07:42 AM

Sounds like Athabasca has its work cut out.
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pscamp
Champion Author Ottawa

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Message Posted: May 1, 2013 5:07:45 AM

OK
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George0446
Champion Author Massachusetts

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Message Posted: May 1, 2013 4:55:29 AM

Depending on Obama to do something good is a very bad position! Good Luck!
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Snowball2013
Champion Author Yakima

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Message Posted: May 1, 2013 3:14:49 AM

Too bad
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1momsunshine
Champion Author Ottawa

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Message Posted: May 1, 2013 1:40:04 AM

ok
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MikeCapeCoral
Champion Author Cape Coral

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Message Posted: May 1, 2013 1:31:33 AM

Tough spot to be in.
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Nicoalbum
Champion Author Ottawa

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Message Posted: May 1, 2013 1:27:44 AM

Sad story, not an easy struggle. Canada's still like a third world country, sitting on the oil patched, not developing enough hi-tech
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