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 > Standard Chartered Bank -- Q2 Starts in 4 Days

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Post by MLEWICKIMBA on Mar 28, 2024 2:48am

Standard Chartered Bank -- Q2 Starts in 4 Days

StanChart has predicted that global demand will hit a new all-time high of 103.01 mb/d in May, with June setting a new record at 103.62 mb/d while August demand is expected to be even higher at 104.31 mb/d. StanChart says tightening oil markets will continue to power the oil price rally and has predicted Brent to average $94/bbl in Q2-2024.

** Get out and drive your car -- Let's create our wealth....

I am very suspicious of the RBC Hold Rating because they know a rally is coming in oil and ATH is VERY SENSATIVE to Oil Price Increases and with WCS TIGHT -- IMAGINE.

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