Athabasca Oil Corp T.ATH

Volume at 61 Million shares traded

[smallcaptdr]

A total from all exchanges added up to 61 Million shares trading and thats the highest volume ever putting us at the top most active today. The markets werent horrible they mostly stayed neutral and volume started out normal until half way through the trading session when the US drove the price of oil down from the days high of $118 down to $109 and that added momentum to the selling of energy stocks however HND EFT BEAR for natural gas was driven higher on the price of natural gas when it also was sold off and this caught alot of people by surprise and thats why its good to have the live oil & gas quotes running live while you trade but this happened so fast and the changes of SP moved in sync catching people off gaurd. Also I feel that the spike in volume today had extra help from the ones who shorted today it was the perfect storm to drive ATH down.
Everyone will be checking the futures out for monday to see if they bid oil up across the pond because I think that it was panic selling on the New York Mercantile Exchange (NYMEX) today because of the FED rate hike and they predict a slowdown in the US but oil trades around the world and demands is still high as you can see below todays artical so I feel that by Monday the prices will recover and we're only at a 4 week low so its still highly priced but we just got used to it being at $120 and gasoline will remain high because of refineries being a bottle neck so demand is still high. GLTA  JMHO  (always DD)

Conversely, investors remained watchful of supply tightness after the US announced new sanctions on Iranian, Chinese and Emirati firms linked to Iran’s petrochemicals, as well as previous worries over OPEC+ members failing to meet output targets.

heres the live commodity figures if you dont already have them
https://tradingeconomics.com/commodity/crude-oil

Futures
https://markets.businessinsider.com/futures/dow-futures

[Tartar3]

Thanks for the recap, Putin also threw out and olive branch to Ukraine regarding the war,, if true, we could see another 10-15 dollar drop in the price of oil, we'll see on Monday if that becomes the headline story next week, sorry I don't have a link, but that could explain it also.this company still can thrive with $85 oil, but the bottom hasn't been reached if that story is true

[Maxmoe]

There is no way Putin will ever offer an olive branch. A big stick maybe and he doesn't walk softly. There is also no way the Ukrainians would believe or surrender.