Comparing Q1 to Q2 Q1 is the 3 months from Jan to Mar and the average Oil price was between $78 - $98 and they turned a record Q1 but for Q2 which we're in and almost done at the end of June the average Oil price has been between $100 -$120 and they're producing more Oil than Q1 indicating another record Q2 and on this news release this stock will soar! Its just simple math. So this should move as we're still near record highs for Oil anywhere between $100 - $120 this company with their higher production numbers will continue to post record revenues. And if it averages over $115 this is sadly undervalued at todays SP. as we get listed on the Index and being on track for record sales! It'll start working its way up. JMHO (always DD)
Today
OPEC kept its forecast that global oil demand will exceed pre-pandemic levels this year despite headwinds from the war in Ukraine and the coronavirus pandemic. Also, the supply remains tight. Libyan oil exports are falling amid political unrest while other OPEC+ producers still struggle to meet their production targets, and Russia is facing an oil embargo.
As we need more Oil produced the price of Oil wil fluctuate between $115 and $123 and thats Great for Oil producers like ATH