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 > Prepare for the Great Inventory Liquidation

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Post by smallcaptdr on Mar 04, 2023 2:02pm

Prepare for the Great Inventory Liquidation

Will the energy bubble be broken heading into the 2nd year of inflated Oil prices these higher prices are great for Oil Plays but will hurt by keeping Inflation higher if Oil does reach $90+ which brings out the FED who's the party crasher with hopes that this next Rate Hike is .50%-.75% so that we can skate by a couple of months with no Rate Hikes if they came out with Intrest Rate at 5.50% I feel would be the answer unless they want the US bullish sectors to add to Inflation at the rate and resilience of the US economy. Europe is also going to be increasing Intrest Rates in March and right now the US is counting on Europe buying all the Oil tankers filled as possible after Russia moves to end sales brought by sea to Europe which is also trying to slow the economy so demand from Europe will likely ease off. Today Bank of America is calling for 26% downside to US Stock Market this is a first and of course, the market will reflect a slowing economy. When Oil breaks through $83+ will be the first indicator that Oil has the bullishness to hit $90 after trading since Dec 5th in a range of $73 to $82 and you can be assured that when that happens Captian Biden will try every angle to keeping Oil in the $70+ but OPEC wants $85-$90 and you'll hear everyone wanting to increase production with greed shooting themselves in the foot when OIl prices head lower. With the days ticking by. Next week starts with US Factory Orders Monday, Tue FED Chair Powell Testimony, API Oil Stock, Wed US Balance of Trade, FED Powell continues and JOLTs Job Opening along with EIA Oil Stock which better comes in low following 3 back-to-back declines, Fri US Non-Farm Payrolls, Unemployment Rate. All we can hope is for next week to be bullish.