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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 > Wednesday will be the hurdle ...
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Post by smallcaptdr on Jul 11, 2022 11:02am

Wednesday will be the hurdle ...

Not only do we have the US releasing Core Inflation & Inflation Rates at 8:30am but we also have Canada Interest Rate Decisions coming out at 10am and then we also have the US EIA Crude Stock Changes released at 10:30am which will come in lower.  Watching Oil and there must be a lot of orders at $101.80 looking to buy because during the selling twice it couldn't penetrate but there's no resistance heading higher. Until there's, a definite direction there's just not enough volume on the selling side to break down to $100 Oil. They'll push it higher and then slowly sell into it and that's the only real move right now. ATh is holding ground good considering that it opened at $201 and when I saw the pre-market opening at $1.93 my first thought was WTF are people doing! plus If it ever opens below $1.95 there's no history of support and could free-fall till investors feel that ATH hit bottom for that day. I'll be watching ATH SP and possibly pick a time to jump back in. 
GLTA JMHO (always DD)


Canada Interest Rate bigger picture of the last 20Yrs
Canada Interest Rate
Comment by Jimmy1page on Jul 11, 2022 11:09am
I've been watching the same thing. Actually had my thumb over the sell button. I maybe a novice investor but I don't think any of us know what to expect.
Comment by bigstar10 on Jul 11, 2022 11:37am
Expecting sub $2 again then the street will think about buying again
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