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 > Reminder

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Post by smallcaptdr on Mar 09, 2023 1:35pm

Reminder

8:30am US releases Non-Farm Payrolls / Unemployment Rate. I posted that this morning the US released Initial Jobless Claims and coming in higher the market turned bullish thinking that tomorrow's numbers might be better than expected but this hope was dashed with the reality that the FED will have to act aggressively this next move or chance having the US economy gain strength keeping inflation high. After 4 you'll be locked in for tomorrow's data

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Comment by Duster340 on Mar 09, 2023 2:03pm

yeah but a higher unemployment rate which we will likely get and just the start of more and more people losing there jobs should mean the price of oil drops, it is the start of a recession which is never good for the energy sector. but at the same time most other stocks rally due to the thought that interest rate hikes are closer to an end. definetly oil should not rally.

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