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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 Aug 05, 2022 11:00am
223 Views
Post# 34874101

Its about time greed kicked in Oil @ $90 from $87

Its about time greed kicked in Oil @ $90 from $87Traders have driven Oil up from $87 to $90 to start selling the cheaper Oil that has been bought in order to make a profit but once the selling starts it will cap Oil move up and push Oil lower at the same time. If you look at the chart you can see the difference in how Oil started its climb up from Jan 2022 it went up in small increments until Russia War was taken seriously then we started to see $3 - $10 swings in the price of Oil but once Oil came down to pre-war levels ($80+ Oil) we started to see Oil going up or down by less then a $1 so will we see Oil start trading by $1 moves? One thing is that in smaller increments it'll be easier to put a true value on Energy stocks and will put more emphasis on the company's merits.  JMHO  (always DD)




Check out how Oil climbed in smaller increments before Russia
https://tradingeconomics.com/commodity/crude-oil
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