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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 Feb 21, 2023 12:14pm
206 Views
Post# 35296483

No Surprise

No SurpriseWe all know the US well enough that after a holiday traders would flex their muscles sorting through everything that happened since Friday and I don't feel that today is anyway near a disaster. March is our goal and the market is waiting for confirmation that Russia will cut 500,000 and could start days before making gains in Oil no different than selling off ahead of FED Meeting which is what today is experiencing so far the market is expecting a .50% increase which could carry us for the next couple of months to follow possibly with no increases happening in May same timing as China is expected to be in 2nd gear with increase demand things are going to start building momentum in Mar hopefully enough things happen bullish either way we are looking at higher Oil as time moves forward through Mar but if something shocks the market cutting production Oil rallies. Right now Oil has to decide if it's heading to $73 or bouncing between $75 - $77.till Mar, I see no need to panic you're just going to have to wait till they're done in the red and a new bullish trend takes control, from what I'm seeing the bulls are adding the support. Keep plugging away.
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