Athabasca Oil Corp T.ATH

Bank crash

[Jimmy1page]

So a bank that was heavy in tech crashes and oil tanks but the dow is up? How does that work?

[Duster340]

It is called fear in the market, what sector did not tank, but many have bounced back including tech which many stocks are now in the green, but not the oil sector why? #1 seasonaly weak period, low demand for crude  #2 upcoming data cpi# and oil inventories. #3 the oil stocks were over valued. my guess in april this sector will move higher 

[BigJake]

I was thinking exactly the same thing, the market was only open for 15 minutes and the nasdaq was positive but oil was still down 4%, and by the way Biden approved the Willow oil project, on government  leases in Alaska, Keystone XL is environmentally bad but Conicho Phillips drilling 200 new wells in Alaska is all good. Can you spell hypocrite?

[Longgame99]

Jimmy you are looking at the wrong stock exchange bud lol  - NASDAQ is tech...

[Longgame99]

And Jimmy, if you read up on Silicon Valley Bank problem- they got locked into the wrong asset with their surplus cash on hand and then Powell cranked the rates, so they didnt have enough  cash to service their own debt and couldnt make the call - temprary setback - they wont "crash" - just got thrown into "protection" mode until they restructure their debt obligations