Athabasca Oil Corp T.ATH

Look at it this way..

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If Russia, Saudi Arabia, and even OPEC want higher Oil even up to be at $100, and were mentioning this when Oil was in the $80+ and even in the $90+ then how must they feel now with Oil down in the $70+?  Plus they are in the mindset and control to somehow manipulate Oil production so who better to cut production than some of the largest producers? Russia has already proven to the world that Putin is ruthless and has the capability of cutting off NG production to Europe and even though Putin needs the revenues generated by Oil and NG sales to fund his war and to prompt up the Ruble he has every reason to want to have higher priced Oil and NG, especially now while he's out shopping for weapons and is beefing up his military the increase revenues would certainly help and if Russia and Saudi Arabia are in bed together they could both cut production each equally adding up to a major production cut plus China stimulus and lifting some areas from lockdown might become a larger buyer of Oil and NG. People, this is the ONLY way to increase the price of Oil and traders will continue to adjust the price of Oil in parallel to having a global economic contraction and will stay on this course till production cuts become a fact so this is all that can be hoped for if you're heavy into owning energy stocks. Maybe next week will be a flipside to this week's sell-off of Oil and the stock market.

Saudi Arabia And Russia Both Want $100 Oil | OilPrice.com