Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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

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Athabasca Oil Corp > US ISM Non Manufacturing PMI & Crude Stock Surplus

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Post by smallcaptdr on Aug 03, 2022 10:56am

US ISM Non Manufacturing PMI & Crude Stock Surplus

Just out ISM Non-Manufacturing came in a tad higher but one look at the chart and it's not a victory plus the US has a Crude Surplus so Oil is down. Things are not looking good for Oil I predicted $90 Oil last week and we're close at $92 at the time of this post. $75 years end

Crude Oil Stock
United States Crude Oil Stocks Change

ISM Non Manufacturing
United States ISM Non Manufacturing PMI

165

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Comment by MLEWICKIMBA on Aug 03, 2022 11:12am

Distillates major draw. And all that oil will go to Europe. Harvest soon - not enough distillates nor oil - any decrease in price spurs exports. No way oil 75 in December - no way. Opec wont allow that. Good luck. And most importantly Ath 25% debt remaining gone in 90 days max.

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