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 > Canada said to be evacuating 45k Lebanese Canadians

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Post by DukesMtl on Jun 24, 2024 7:00pm

Canada said to be evacuating 45k Lebanese Canadians

and other countries also evacuating. Looks like Israel declaring war on Lebanon is imminent and so is a pop in the political risk premium.

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Comment by smartmoni on Jun 25, 2024 8:46am

Well if Isreal attacks Lebanon then we can see a spike in WTI up to at least $90....a sad way to pump up oil. Lets hope cooler heads prevail. Regardless, oil will go up on supply and demand issues.

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Comment by Jimmy1page on Jun 25, 2024 12:25pm

Darn I was about to post this. Not sure why oil isn't at 100. We're literally at 70's oil embargo https://globalnews.ca/news/10586556/lebanon-israel-violence-canadians-joly/amp/#amp_ct=1719332639721&amp_tf=From%20%251%24s&aoh=17193326113713&csi=1&referrer=https%3A%2F%2Fwww.google.com

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Comment by CJInvestor on Jun 25, 2024 1:07pm

Mainly because this isn't the 70s. We have plenty of supply from South America North America and Iran etc which wasn't the case in the 70s. OPEC isn't like it was. And todays oil supply world isn't either.

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