Athabasca Oil Corp T.ATH

SPR Release 2023

[uwebb429]

The U.S. congress mandated 26 million barrels of oil released from the SPR will be done by the end of this week. There have been 21.2 M barrels reported so far. That leaves 4.8 M barrels to be reported over the final two weeks. 

- SPR barrels no longer flooding the market.
- barrels now starting to be purchased to replace Biden's SPR drain of 2022.
- Saudis 1 M boe/d production cut starting next week.
- WCS WTI differential down to just over $11 bucks.

ATH should have much improved cash flow for the second half of 2023. That will leave more cash available for NCIB buybacks. It is just a matter of time before the share price starts heading up and up.

[MLEWICKIMBA]

Well written and well reported. Targets as high as 4.50 cad...

[lovehockey]

I do not believe SPR releases are over. For the US administration keeping prices of oil depressed is of highest priorities for so many reasons. Please note that they successfully tested a scheme where they were selling and buying SPR at the same time and it seemingly worked. The idea behind it is very simple - SPR must be dumped in a certain way that will cause the biggest damage to the oil prices

[dandu1924]

This is explain why the API and IEA  numbers are so twisted  and not trustable.

[MLEWICKIMBA]

The caverns were effected that is why they have to do maintenance.  Pretty soon less than 15 days of oil consumption. I expect restocking soon. Also no sour / heavy barrels left.  Good for WCS. Once they do their maintenance 50m Barrels are being bought. If not a major refill big oil will reduce bpd production. If oil inventory not important why produce. Big oil has already told