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Bullboard - Stock Discussion Forum 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... see more

TSX:ATH - Post Discussion

Athabasca Oil Corp > If you believe
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Post by MrICE on Jul 07, 2021 10:22am

If you believe

If you believe in higher oil prices now is the time to go overweight. Oil inventories come out tonight and tomorrow morning. That will I believe turn the negative OPEC storyline to reverse. Negative Oil price Sentiment has got ahold of prices.  Demand will eventually rule
Comment by Tartar3 on Jul 07, 2021 11:08am
This was way ovedue for a correction, as all of the oil patch was, should be no worries for the under $1 crowd, and those wishing for $2, they'll have to wait a little longer, forward looking earnings should power oils ahead, profit taking is normalEnable GingerCannot connect to Ginger Check your internet connection or reload the browserDisable in this text fieldRephraseRephrase current ...more  
Comment by MrICE on Jul 07, 2021 1:38pm
We're investing  in a highly leveraged to oil company. We have to expect share Volatility now and again. But with oil at $72 we are making Ridiculously good cash regardless of some hedging. End of the month numbers will give use a better picture on how high things conservatively can go. I expect management to be careful but if they hedge a bit at a time as oil rises then there is very ...more  
Comment by Chris007 on Jul 07, 2021 2:01pm
my point is, alot of people just ride the momentum in commodity stocks. By the same token, gold stocks, lumber stocks and copper stocks have all pulled back substantially from their highs, since momentum stalled in the commodity.   Yet from an earnings/cash flow perspective, gold, lumber and copper producers are still generating some pretty crazy free cash flow 
Comment by MrICE on Jul 07, 2021 2:21pm
Your right and with that said hopefully Momentum will turn around shortly. I'm hoping that Oil will lead those commodities you mentioned and get things heading up again. Some Catalysts our inventory numbers and of course OPEC getting back in control as a solid group again. 
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