Athabasca Oil Corp T.ATH

$77 Oil

[smallcaptdr]

I posted that China is covering up data concerning COVID cases and this is the start of a broader coverup so here is the link I didn't attach. This is the cause of Oil being sold off and there's no way that China can fix this because their ideas are the cause of COVID spreading and affecting airports now this is a pandemic in China and with 1.5Bil people living close together are tinder wood for the fire so I can't see Oil rising unless there's a catastrophe in the Oil market. Plus overseas sold off Oil down to $76 so this negative atmosphere is worldwide.


Recent

WTI crude futures partially cut earlier losses to hover around $78 per barrel on Thursday, but still extended the retreat from the three-week high of $81 hit this week as investors continued to weigh on the impact that China’s reopening could have on global energy markets. While the end of strict lockdowns initially increased projections of oil demand for the world’s top consumer, soaring infections raised concerns of Covid restrictions elsewhere and ramped up worries of prolonged inflation and monetary tightening, pressuring prices in oil benchmarks

China Stops Issuing Daily Covid Data Ahead of Outbreak’s Peak - WSJ

[Diligent2]

Don't believe this guy. Buy, the construct has not changed. Restrained production and time will give way to higher prices. I am a buyer. Sell calls and buy on dips.