Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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.

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Athabasca Oil Corp

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Post by smallcaptdron Feb 18, 2023 12:31pm

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Post# 35293728

Oil Volitility Index Hits Year Low

If Oil fluctuates rapidly in a short period hitting new highs and lows is considered high volatility but if it moves slowly or stable is low volatility with it currently at 36%, for reference when Oil hit $120 in June oil volatility was at 44% close to the lowest during the rally on Oil before $120 and after $120 only changing in Nov giving Oil our current trading band of $72 - $82 so a lower volatility index is good for now as Oil waits for demand increases which everyone knows is coming and $90 Oil is expected by summer. The hopeful thing is that because of our market holiday overseas will be 2 trading days ahead as Oil trades Sunday night and Monday night before handing it over to us Tue so maybe Oil will have time to sell off if it's going to then rebound. I`m hoping that something changes stopping the Oil trend from hitting $73 but Wed could trip up Oil with FOMC Minutes but shouldn't be any new surprises and then we have to deal with API and EIA Oil Inventory I`m sure that there's no way that Oil will surpass 16Mil barrels so that could help. We were all aware that the first few months of China's reopening would be uncertain and we`re heading into March so this year is flying by already. Since China has opened its borders transportation from Air to Freight has taken off plus refining Oil products is also forging ahead I`m waiting for manufacturing to show improvements.

Oil Market Updates: Brent, WTI Crude Prices, Trends on February 16, 2023 - Bloomberg

Crude Volatility Falls to Lowest in a Year | The 30-day volatility metric extended its fall after almost 15% drop Wednesday