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 > Target price

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Post by smallcaptdr on Nov 29, 2022 2:35pm

Target price

The last analyst rating was Nov 4th when Oil was at $93 RBC gave ATH a $3.25 target if Oil stays at $93 and here we are at $78 Oil with the SP at $2.80+ when these shares should be at $2.25. The day will come for this SP to implode and I will sit back laughing it will happen and there's going to be a lot of investors getting burned because ATH has been manipulated at these prices to keep your money flowing into their pockets. I make money flipping these shares and at the end of the day I hold none and that's the way I've been trading since the June meltdown started. Just in case no one knows, since 2015 Oil averaged @ $50 and there's lots of room to trade lower I'm calling for $65 next year. Why would Oil go and stay at $90+ when recession rules all. Look at the 10yr chart and you can see how far that Oil will fall as we head into a deepening global recession.

Crude oil - 2022 Data - 1983-2021 Historical - 2023 Forecast - Price - Quote - Chart (tradingeconomics.com)

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