Athabasca Oil Corp ATHOF

Trump and the Price of Oil

[AlwaysLong683]

I think there's no way Trump will allow oil and gas prices to hit the kind of highs it did under Biden - he'll likely do everything he can to keep those prices low, including elimintating as many barriers / impediments / policies as he can that may hinder domestic O&G producers to increase production on U.S. lands. If investors are happy with WTI oil staying at or below $80 a barrel with the possibility of it languishing in the 60's for extended stretches of time, then they should be OK.

[woodsmen]

"at or below $80 a barrel with the possibility of it languishing in the 60's for extended stretches of time" Uhh so exactly what it is and has been under Biden for 2.5 years, got it Thanks!!!

[Jimmy1page]

If he's smart he audits the IEA I'm the US and forces member companies to do the same. 

[AlwaysLong683]

WTI:    Low $50s when Biden was sworn in Jan 20, 2021 (COVID still an issue).   Between $70 and $80 for most of June to December 2021.   Between $80 and $90 In January to Mid-February 2022.   Putin invades Ukraine on February 22, 2022.   Over $100 to early July 2022.   Down to $80 by mid-Sept 2022.   $80 or more for most of mid

[matt2018]

Your absolutely correct, and the main reason Biden was able to keep the price from going higher at the time was by releasing 100's of millions of barrels from the strategic resereve. But situation is different now. Worlwide demand is such that Opec+ needs to keep millions of barrels/day off the market. Thats what Trumo does not get. American energy companies are not going to drill like carzy

[Jimmy1page]

Sigh, ok I'm only going to say this one more time, so pay attention.  Canada does not patrol its southern border.  Between it and the US southern border the US is being flooded with drugs. Fentynl is killing more Americans then cancer. Trump wants us to patrol the border and assist in stopping the flow of drugs into the US. We do that, no tariff. (Pass it on)

[AlwaysLong683]

Comparing the Canadian border to the Mexican border is ridiculous re. these two issues. Yes, there may currently be things that should be addressed at the Canadian border, and yes, Trump may want some changes. I predict these new tarrifs will not be implemented at all by Trump - he's just looking for some changes for Canada to implement, and he'll get a limited number of reasonable ones so

[woodsmen]

Trudeau is meeting with the Premiers today to discuss the matter Yikes don't put to much faith in Trudy!!   

[woodsmen]

No its been high 60's to 80 for 2.5 years...........................You got it???

[matt2018]

Wrong Wood.  2.5 years ago in May 2022, oil was at $106.00 Dropped down to $68.00 in April 2023 and then back over $90.00 in Aug 2023 (15 months ago). been in this range of high $60's to mid $80's since. why is it so hard to get that?

[woodsmen]

Yes Matt correct Key Words  its been in the 60' to 80's since.....So for the last 2.5 years, not the actual price 2.5 years ago........... With what an average of 76 and 77 for the last 2 years?   Who cares you can grab the random "Highs" and but then also Grab the the lows of the 60's then to.   Conveniently the 60's which we are still in right

[matt2018]

interesting take below on this "drill, baby, drill" nonesense from head of Exxon's upstream. Nov 26 – U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump, as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday. “We’re not going to see anybody in ‘drill, baby, drill’ mode,”