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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 Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Post by smallcaptdron Jul 17, 2022 12:02pm
323 Views
Post# 34829801

It all starts tonight..

It all starts tonight..I just checked my last post and it had 385 reads so I went back and it was on the home page 10 hrs ago so that's why there are so many reads.
Tonight starts this week off and like everyone else I'm curious how Oil will trade, usually, they bid down Oil across the pond around 8 am but like clockwork at 9 am the US traders take over and drive it higher "usually"  After midnight DOW Futures start to find direction and at 9 am the Futures will indicate what kind of start and mood traders will be in which translates over to commodities. Right now after reading other posts here, it's 50/50 for direction, and for myself, I hope that commodities sell-off because of HND & HOD but in the same breath I hope that commodities head higher and higher is what I'm leaning towards so that I can trade ATH. I've been wrong before and I'll be wrong again but over time that's how you learn and then one day your beliefs are correct and you prosper.
Right now investors of ATH know that a $2+ SP is undervalued enough with Oil trading between $95 - $97 to want to hold their positions and if Oil trades from $96 - $99 then ATH will and should gain ground.
Can't wait for Q2 release and regardless of where Oil is ATH will head higher that day but be careful about holding over to the next day especially if ATH SP jumps $0.50+ during a positive day for Oil and the Market because ATH could have a pullback in SP the following day. "Always sell into a bullish day" then buy back on pullbacks. 
GLTA  JMHO  (always DD)


Here are some links for anyone who's newer.

Crude Oil and live commodities and data calendar.
https://tradingeconomics.com/commodity/crude-oil

DOW Futures.
https://markets.businessinsider.com/futures/dow-futures
https://www.cnn.com/business/markets/premarkets

Tradingview free download great for live Oil great in dark mode 
https://www.tradingview.com/desktop/

Stockwatch great for company news releases 
https://www.stockwatch.com/

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