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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 > Here's a first
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Post by smallcaptdr on Jun 30, 2022 8:04pm

Here's a first

Brent is down almost $7 trading near the price of Crude. Wow!  I wonder if this has to do with Russia selling there premium Oil $35 cheaper. Now I wonder if Crude will drop more too? so far Crude is at $106. Interesting times indeed. One great thing is if Crude does drop more tonight or tomorrow ATH SP is frozen in time till Monday and maybe Monday the price of Oil will recover. Can only hope for that. JMHO (always DD)

https://tradingeconomics.com/commodity/crude-oil
Comment by justmymoney on Jul 01, 2022 12:33am
Holy Krap! has anyone looked at the one day brent oil chart? the line drops straight down $7 and it looks like crude will be $100 tomorrow the way things are going. If it does happen to hit $100 ATH Monday will be at $2.20 or worse! I'm concerned about this new development. Ouch!
Comment by fellowship on Jul 01, 2022 6:17am
LONDON (Reuters) -Oil prices rose 2% on Friday, recouping most of the previous session's declines, as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand. Brent crude futures were up $2.07, or 1.9%, at $111.10 a barrel by 0911 GMT, having dropped to $108.03 a barrel earlier in the session. WTI crude futures ...more  
Comment by MLEWICKIMBA on Jul 01, 2022 6:23am
Computerised trading on any news mate. Hold the stock until Q2 Earnings Release as announcements forthcoming. That's my advice. There's little global reserves and strong demand on all product groups. Cushing inventories are only at the minimum level to run the major facility so basically nothing extra or no safe guard. All or most oil companies F2023 capital budgets will be based on ...more  
Comment by Maxmoe on Jul 01, 2022 8:01am
Sorry shorty, market closed today in Canada and Monday in USA . You are going to have a loooong sleepless weekend wondering how much your short trade is going to bite you. Nice rally from the open yesterday must have hurt you shorty. Ouch!  
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