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 > Inventories

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Post by BigJake on Jan 31, 2024 11:15am

Inventories

API - 2.5 mbrl draw YTD - 21.324 mbrl draw

EIA - 1.234 mbrl build YTD - 14.656 mbrl draw

WCS - 61.91 WTI Diff - 16.10

Inventories pretty much flat, but prices and differential are bullish, just need stocks to play along. GLTA Longs

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Comment by Jimmy1page on Jan 31, 2024 12:42pm

They changed it to a build. Only builds matter

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Comment by vindaloo_u2 on Jan 31, 2024 2:09pm

Total products was a 10 million barrel draw. About 5 mil barrels higher than the 20 year low. The US, however, has been a net exporter of around 200 million barrels since their war with russia started. I assume this was mostly exported to the plebs in europe to keep us quiet.

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Comment by Jimmy1page on Jan 31, 2024 2:18pm

Nope https://oilprice.com/Energy/Crude-Oil/Oil-Ticks-Lower-on-Crude-Build.html

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Comment by vindaloo_u2 on Jan 31, 2024 2:32pm

Yep..total products. Looking at just oil inventories is useless. Take a look at total (all products incl spr) inventories, export/import balance and production.

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Comment by vindaloo_u2 on Jan 31, 2024 2:35pm

This might help you (and others reporting just the weekly oil report headline). https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WTTSTUS1&f=W https://www.eia.gov/dnav/pet/PET_MOVE_WKLY_DC_NUS-Z00_MBBLPD_W.htm

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Athabasca Oil Corp