Post by
dandu1924 on Nov 20, 2023 1:33pm
FUNDAMENTALS
ATH did not following the fundamentals stuffs, the WTI is UP and ATH a few pennies. What is going on. Like I said before, on the WTI red days the oil stocks going down like a rock and when the WTI is green like today the oil stocks does not react up as supposed to be. So where is the real problem.
Comment by
Lizzzy on Nov 20, 2023 2:03pm
Simple, ATH doesn't produce WTI. Look at WCS and then the $CAD/$US exchange rate. Even that doesn't quite cut it, as they produce thermal oil and light oil (and natural gas, etc.). And even then, thermal oil gets priced differently from different sites based on API. So... Much more complicated that just looking at the WTI benchmark.
Comment by
dandu1924 on Nov 20, 2023 2:09pm
Yes , you are right, this is so much complicated in the oil sector, I can understand some people does not want to touch anymore the oil stock companies.