Brent Crude Oil currently at $66.72 a barrel ... I can see it jumping up once we have international travel opening up again.... $80 + a barrel is not that far away. Sure I agree with battery operated vehicles starting to gain traction and the future of the oil market will be impacted but realistically the price of these vehicles needs to be reduced significantly to really take off ....I give up to 10 years.
I feel the only oil survivers will be the producers with low cost of production while others will fall by the wayside.
I personally think ATS will try transact something in the next 2 years ... prior to this they will need to get a partner to share the risk & costs.
Just my thoughts
ATS Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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