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 > API Crude Oil Stock numbers just out.

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Post by smallcaptdr on Apr 25, 2023 5:07pm

API Crude Oil Stock numbers just out.

Solid draw at -6Mil barrels the consensus was for -1.6Mil so that could be positive for tomorrow's EIA. We knew that this week would be filled with bumps as far as US Data goes..but every failed peak is followed by a successful rebound. Just roll with the punches and if Oil ever did hit $75 it shouldn't be for long just a week ago talk was $90+ Oil and tonight's draw shows a market tightening up. Oil will head back toward $80+ and that's why we're seeing acquisitions happening in the Oil Industry every Oil Company has made serious coin over the last year so they're well funded and this should keep SP resilient.

United States API Crude Oil Stock Change - 2023 Data - 2012-2022 Historical (tradingeconomics.com)

US API Crude Oil Stock