Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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

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Athabasca Oil Corp > Russia's threats not taken seriously, Yet

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Post by smallcaptdr on Sep 08, 2022 9:41pm

Russia's threats not taken seriously, Yet

Russia threaten to stop selling Oil to any country that supports the G7 and threatened to keep NG turned off or end supplying any country that supports the G7 but Russia stopping sales will ultimately hurt their economy and their currency which is prompted by Oil and NG sales so even though they threaten everyone it would inflict more harm to them and would take away the revenues that are helping to keep the war machine running. Canada could have capitalized on NG and Oil sales during these times if it had an infrastructure set up to maximize production. Canada is sleeping behind the wheel as always. OPEC cuts didn't affect the price of Oil and Russia's threats haven't affected Oil either Yet.

Oil Reserves by Country - Worldometer (worldometers.info)

108