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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 Sep 03, 2022 11:34pm
527 Views
Post# 34940561

What if OPEC cuts production

What if OPEC cuts productionIt's obvious that producers want to cut production to increase the price of Oil but will it work? When demand was legitimately tight then the price of Oil increased but we all know that raising the price of Oil does nothing to correct the supply issue all it's about is greed so I'm wondering if traders will run up the price of Oil as high as producers are expecting it to go because traders know that its artificially being manipulated plus traders know that it's just a matter of time when the world economy will slow down drastically driving Oil back lower so they might not participate in driving Oil back up to $100. Plus driving Oil higher is the worst thing to happen during a recession because people will be strapped for cash with all the interest rate hikes and if gasoline and diesel are driven higher to reflect higher Oil prices then inflation will continue to stay high dictating how high the FED will raise rates it's going to turn out to be a vicious circle and the economy will implode under all the stress creating another market crash but energy stocks will benefit from higher Oil. Time will tell. JMHO
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