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 Aug 21, 2024 1:53pm

Inventories

API - 0.347 mbrl build YTD - 17.702 mbrl draw

EIA - 4.649 mbrl draw YTD - 10.539 mbrl draw

WCS - 63.00 WTI DIFF - 13.65

Another nice draw in inventories and the differential is holding in there. Unfortunately the markets are choosing to completely ignore inventories. GLTA Longs

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Comment by smartmoni on Aug 21, 2024 2:19pm

For now....but it's only a matter of time before they wake up and smell the coffee. Demand is still net fine but inventories dropping large. O & G stocks are making astronomical sums of $ and 75% to 100% of FCF will come back to us shareholders in either a form of buybacks or dividends. Recession and China News just noise. BUY, HOLD and PROSPER!

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Athabasca Oil Corp