Canadian oil sands producer Athabasca Oil Corp reported a bigger quarterly loss as the company made a C$49 million ($44.7 million) provision to settle some claims made by PetroChina Co Ltd's Phoenix Energy Holdings Ltd. Net loss widened to C$56.8 million, or 14 Canadian cents per share, for the second quarter ended June 30, from C$30 million, or 7 Canadian cents, a year earlier.
Athabasca Oil Corporation, formerly Athabasca Oil Sands Corp. Shares of ATH fell by 2.7% or $-0.17/share to $6.12. In the past year, the shares have traded as low as $5.47 and as high as $8.84. On average, 1971120 shares of ATH.TO exchange hands on a given day and today's volume is recorded at 5678731.
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