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 > Where SP were, are, and going to be,

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Post by smallcaptdr on Nov 26, 2022 12:24pm

Where SP were, are, and going to be,

I feel that I need to explain this, SP reflects revenues first and far most so when you have a commodity selling off and SP remains higher than normal eventually will correct, and investors need to realize that $100 Oil is gone and $90 has been phasing out leaving $85 as being high except for a couple of runs up to $93 were it could never stay in the $90. So if Oil will be trading in the $70+ to lower $80 then SP needs to adjust from being overinflated on hopes of $90-$100 Oil happening. Look at the history of Oil prices in years leading up to 2022 when Oil exploded because of the war and right now with everything going on its time to remove the risk factor that Russia will shut off Oil because of G7 and the ailing world cutting into Oil demand and $65 could be hit 2023. SP are overinflated today.

U.S. Crude Oil First Purchase Price (Dollars per Barrel) (eia.gov)

BTE 5yr