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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 Dec 16, 2022 2:23pm
194 Views
Post# 35176435

Oil is off its day low

Oil is off its day lowBeen watching Oil trending higher off its low of $73 so I'm thinking that Monday could see Oil higher than $75. Plus it's Friday and volume is low around the board so I'm feeling pretty positive "short-term"  that Oil could be higher and what we're seeing is Oil consolidating and building support. It's hard to predict Monday's move from watching Friday's move so venture on your own but I'm thinking that it's time to buy a handful of shares and if it trades lower Monday I'll average down. The other thing is that it was overseas who started the selling which is normal for Friday as they exit and it's been the US traders driving it higher with Oil back over $74 the Oil market could see buying Monday. This suggestion is very unconventional but it works for me. And I like buying on Fridays because a lot can develop overseas by the time trading is handed over to us Monday and I would hate to miss out on a wildcard event that could surge Oil before Monday. GLTA
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