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 > Credit Card balances jumped highest in over 20yrs

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Post by smallcaptdr on Aug 05, 2022 5:58pm

Credit Card balances jumped highest in over 20yrs

Here I just did a search to back up my claims and this was just out on Aug 2nd...Credit Card Balances jump 13% the highest leap in over 20yrs as inflation outpaces wage growth. This confirms my belief that people are using credit cards as an income. Oil and NG will be the first to be sold off in a recession and recession trumps tightness or anything else!

https://www.cnbc.com/2022/08/02/credit-card-balances-jump-13percent-as-inflation-outpaces-wage-growth.html

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