Athabasca Oil Corp T.ATH

#Timing

[AppreciateOil21]

You know what would really suck in the next 4-5 months. Good old fashioned shale vs. Opec or Russia vs. Saudi flood the market price war...

[Backinblack1000]

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[AppreciateOil21]

SHORTER? haha buddy are you kidding me? That all you can come up with. Its called being realistic. I hope that does not come but its called opening a serious discussion. You're just some bird on the internet! We are only picking up where we left off early first quarter 2020. Oil is back to mid/high 50's look at the rig count. Sure international is down. But okay look at Canada. -89 which

[fellowship]

If you are shorting heavy oil producer. The heavy oil is in deficit. Look it up. 

[Kika2016]

What's your point here? Isn't it a free market? Everyone knows what you are talking about. However, Nobody knows what will happen for sure. If you think oil is going to 70 you wait and watch. If you think the oil will go down to 40 you sell and run.  Your Call.  That's the nature of any MARKETS!!!

[cahclick]

Welcome to Bullboards. I see you joined 4 days ago. glta  

[mlcb2525]

Yes, I would agree. What I hope prevents this is: 1) - I think everyone knows that the Saudis will flood the market to keep US Shale down 2) - Given the above, who would provide the capital to shale to increase production. At prices below $60-$70 shale is a destroyer of value. This evident by the fact, that despite the great increase in Shale production 2015-2019 the amount of debt increased

[littledave55555]

Opec , has done everything they can to bring the price back up. So why would they flood the market an bring it back down....??? Russia also has pulled back to refine more of there oil at home.. because there country is running out of fuel... Biden want to slow down fracking in the states... So in all, I think , an this is just me talking ,that we will see 60  to 70 dollar oil this year

[Chris007]

correction, the Saudis have on all accounts done all they can to continue boosting oil prices...last meeting apparently the Russians were eager to open the taps, or atleast gave the impression that they were eager to pump more. Regardless, this led to the Saudi decision to unilaterally cut another million barrels of their own supply in exchange for Russia and Kazakhstan pledging to increase

[Backinblack1000]

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[Chris007]

lol...everyone knew he would restrict new leases on federal. it was literally an election promise. Add to that, the fact that its an easy to deliver promise, since it is something he can do via executive order. and indeed, the Trump administration was issuing new leases until basically their very last minute in office: https://www.reuters.com/article/us-usa-trump-drilling/drillers-turn-out-for