Athabasca Oil Corp T.ATH

OPEC meeting postponed

[Nothingmatters]

No new date yet. What drama...

[Nothingmatters]

Quotas will remain unchanged till new meeting or April 2022. It is a bullish sign for the short term in my opinion.$80 on the way...

[Chris007]

Unless the Emeratis say F uck this, and leave the agreement, like they threatened to do last November, but ended up ultimately backing down. In November, brent was in the 40s, now its in the mid-70s, the question is, now that prices are in the mid-70s, do they have the balls to actually follow through, should the other parties be unwilling to budge  

[Mindset]

Beyond a week or two, no agreement is not a good thing.

[ComradeKomissar]

I don't think they will ever agree, and oil will be "toight" until April next year (+/- cheating). The UAE has drank the "kool aid" and wants to "monetize" its resource before the "muh climate change" lights go out. That's probably they went and normalized relations with Israel. That's another slap in the face to the Wahabbis of the KSA, so yeah