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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 18, 2022 10:18am
241 Views
Post# 34831160

Making money with ATH

Making money with ATHWith Oil jetting up to $102 it just goes to show that the traders are in control of the prices. I had a feeling that this would be the last kick at the can this week ahead of the FED's rate hike and with no US data coming out this week it's like leaving the kids home while the parents are gone the kids (traders) will jack-up everything and ATH benefits! Even with all the negative hits on Oil like China, Libya, FED's and everything else traders wanted to make money selling all the cheap Oil that they bought. Greed always outweighs logic. Plus the FED's rate hike started in June to be .50% then there was the belief that they would go .75% and then 1% but in the last meeting the FED's gave an indication that they would only go .75% so traders now looked at that as being positive but if the FED's do come out with 1% everything must go! but in August they could do a 1% hike so this party will be coming to an end so enjoy today and hopefully this week for ATH.  GLTA  JMHO  (always DD)
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