Athabasca Oil Corp T.ATH

Target 2.5-3$

[ManitobaCanuck]

Fingers crossed . I expect another double from here to 2.5- 3$ if Oil stays above 85$ .

Was seeing on general forums .People are still underinvested in Oil . Opec production is in decline due to less investments ,years of underinvestment . 
I dont think any of these OPEC countries except low cost producers would invest in oil production increase . Possibly sustained Oil above 100$ for 1-2 years might see new investments on Oil/Gas which is seen as a sunset industry by many. 
For example look at used car markets , Lol used cars are 40% above market price for past 14 months .
I sold my used car for more than I  bought it 2 years back and still markets are tight . Supply chain issues persist . Similarly if they start drilling , where do they get chips/equipment for new rigs.

[Maxmoe]

It is worth watching drilling activity as it is a necessary step 1 to increased production in the USA. BUT, also keep in mind how low and for how long drilling had to crash before we saw a significant decline is production and even longer before we saw a decline in domestic inventory. Also watch for exports of oil as % domestic production in USA. If exports start growing rapidly, I take that as a