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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 > this explain why the big build at EIA
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Post by BLACKJACK86 on Feb 15, 2023 10:02pm

this explain why the big build at EIA

Taken from BTE bullboard:


Morningstar article summed up the rudimentary accounting of the Barrels.....The EIA data includes an upward "adjustment" to crude stocks of 1.967 million barrels per day for the week ended Feb. 10which added roughly 14 million barrels of supply for the week. The government agency said the adjustment, formerly known as "unaccounted-for crude oil," is a "balancing item."
Comment by Maxmoe on Feb 15, 2023 11:44pm
Could be BS, could be smuggled oil out of Russia and Iran , or a bit of both. Whatever it is, it's not likely to require a "balancing item" that large every week. If it is just fiddle-fart accounting it can just as easily reverse itself. 
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