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 New York Empire State Manufacturing

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Post by smallcaptdr on Aug 15, 2022 6:05pm

US New York Empire State Manufacturing

No wonder Oil is in the $80+ again with numbers like this from NY Manufacturing you can't get any worst with the lowest readings since 2020 COVID times. Whoever said Oil looked bullish is selling bull. Plus the housing market has been in a steady decline and interest rates haven't even started to reflect their true potential for future hurt to the housing market. Gone for a week missing BS hype which falsely drove Oil higher but theres too many negative figures to support Oil over $90 or even for $85 Oil I can see Oil steadily declining back down towards $80. Volume on ATH has dried up showing that investors have left last week when SP was higher there are no longs left just traders. JMHO (always DD)

US Nahb Housing Market in decline
United States Nahb Housing Market Index

NY Manufacturing
United States NY Empire State Manufacturing Index

198

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Comment by Noisemaker on Aug 15, 2022 6:34pm

Speaking of BS here comes the noisemaker. It was China dummy with July data. If you think the drop in global oil prices was a reaction to New York data you're a fool lmao

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