It’s been a busy year for Canadian oil stocks and companies like Athabasca Oil (TSX:ATH) have risen to the occasion.
With Canada ranked fourth in the global top 10 producing oil countries, it should come as no surprise that Canadian companies are also in the mix. Case in point, oil production in Canada totaled nearly 5.7 million bbp in 2022, an increase of 5.53 million bpd in 2021.
Alberta is also where most of the country’s proven oil reserves are located which is – you guessed it – the same province Athabasca Oil is located and conducts business.
But is it the best Canadian oil stock? Let’s take a look.
About Athabasca Oil
Athabasca Oil’s headquarters are in Calgary, and it is primarily focused on developing thermal and light oil assets.
Under its thermal oil segments are its assets, liabilities and operating results for exploring, developing and…
