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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TSX:ATH - Post Discussion

Athabasca Oil Corp > Most oil stock in the red with a +2% wti

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Post by BLACKJACK86 on Jan 18, 2024 12:37pm

Most oil stock in the red with a +2% wti

strange, anticipating oil going down or late reaction?

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Comment by CJInvestor on Jan 18, 2024 1:36pm

It's just a heavily shorted sector right now unfortunately not enough new buyers to counteract the institutional big boys who are putting bearish bids on the sector. US oil stocks have taken a beating as well.

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Comment by CanadainOilBull on Jan 18, 2024 4:05pm

Watch, it will be up tomorrow! Great point to note is how well ATH has performed after the announcement with Cenovus.

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Comment by vwbusman on Jan 19, 2024 6:37am

WCS was down 2% that day - even though WTI was up - that seems to be a contributor to the downslide in Canadian heavy oils yesterday even on a positive oil day

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