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 > Large crude draw is expected...

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Post by lovehockey on Dec 04, 2023 10:42pm

Large crude draw is expected...

Should be back to above $4 as draw of 12+ mln barrels is expected this week. Good quick sale of ATH shares benefits those who bought cheap including bought back shares.

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Comment by lovehockey on Dec 05, 2023 6:32pm

API reported a small build. I do not believe it personally. The markets are all screwed up. Physical oil is fully disconnected from oil on paper. I think the US authorities plan to keep the oil prices below $75 until something happens, like real shortage of physical oil. I will not be surprised if we will see $60 going forward. Watch out.

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