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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

TSX:ATH - Post Discussion

Athabasca Oil Corp > Oil is up today morning!
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Post by Paray99 on Dec 08, 2022 8:52am

Oil is up today morning!

Yesterday's big drop even after depleting US SPR and much lower weekly inventories was very dramatical. So, obviously today morning oil is $3 up. Now we have to see how it hold on through the North American market day. Expect bears work their ways in when US markets are open. 

I just heard on BNN that oil supply is excess in North America.... They already started working through the media!

Comment by MigraineCall on Dec 08, 2022 9:24am
Hold your horses fella. Oil popped on the news of the Keystone shutdown, unknown how long it will be off for as of yet. Brent up by 1/2 as much, so fade WTI. If the pipeline is repaired and back online quickly, expect further short term downside. Long term very bullish though.
Comment by Paray99 on Dec 08, 2022 11:18am
I told you before market opening that US market is capable of pulling down the oil price, even with growing demand. And now they succeeded to bring +$3 down to -$0.80.....  Funny, right? But this is the reality this week, until US market cannot control it anymore, where the oil will rise to $100.
Athabasca Oil Corp