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Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the... see more

TSX:ATH - Post Discussion

Athabasca Oil Corp > An interesting read supporting 100 dollar oil into next year
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Post by JrOGInvestor on Jun 21, 2021 9:39am

An interesting read supporting 100 dollar oil into next year

https://oilprice.com/Energy/Oil-Prices/Will-Oil-Hit-100-This
Comment by Nothingmatters on Jun 21, 2021 9:44am
Bank of America also now supports a $100 oil thesis as well..
Comment by Tartar3 on Jun 21, 2021 11:13am
It a thesis worth considering, but no one ever mentiions the elephant in the room(China) they are sitting on about 1 billion barrels of crude, and when the price gets to high for them they'll dump some on the market just as they did with other commoditiies last week, it may only crash for a few days or weeks or not at all, but watch out for it, no report or analyst mentions this as a ...more  
Comment by Maxmoe on Jun 21, 2021 11:43am
It could happen of course and traders based in China are famous/infamous for speculation in commodities. They are not infallible. I remember when they tried to manipulate potash prices 15 years ago playing chicken with the potash oligopoly and got burned big time having to cover at $500 plus! The problem with that strategy that still exists today, is you don't want to make or take physical ...more  
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