Viewing Company Athabaska Oil Sands Corp | StockChase
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Compiling comments that experts make about stocks while on public TV.

Athabaska Oil Sands Corp Stock Symbol: ATH-T

Last Price Recorded: $0.9900 on 2017-09-22

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Date Signal Expert Opinion Price
2017-07-19 COMMENT Eric Nuttall

If you want to be in Canada, and want a very small cap and uber leverage to the oil price, this is a pretty good pick. They did a royalty deal on their oil sands project, which was nothing short of genius. Payments don’t start until oil exceed something like $70-$75. Their total cash/cost break-evens are around $44. If you are a believer in $65-$70 oil, this stock could really, really work. If you are a believer that we are stuck in a $50-$60 range for the next year, there are better areas to be in.


Price:
$0.910
Subject:
ENERGY
Bias:
OPTIMISTIC on OIL
Owned:
Unknown
2017-03-23 BUY Eric Nuttall

One of the best beta picks you can select in Canada today.  They have a high quality asset.  They have an increase in free cash flow, which they can now deploy.  They have extraordinary leverage to an increase in oil price.  It is probably not the best investment unless you believe in oil higher than $50.  It could double if you are bullish on oil.


Price:
$1.410
Subject:
ENERGY
Bias:
BULL on OIL
Owned:
Unknown
2017-02-10 BUY Craig Porter

About 10 years ago, they had a number of oil sand leases they sold off to Japanese partners. As they developed those, they collected the money and bought other assets and started drilling them. Recently bought a big oil sands operating project off of Statoil (STO-N). A good asset at a bargain price. The stock is fairly cheap. You could buy this one here and just hold onto it.


Price:
$1.800
Subject:
RESOURCE
Bias:
BULLISH on OIL
Owned:
Yes
2016-12-06 HOLD Mason Granger

(Market Call Minute.) Keeping an eye on this because they’ve had a changeover of management and board. They seem to be doing the right things, but just not quite there yet for him.


Price:
$1.450
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
No
2016-09-16 COMMENT Swanzy Quarshie

An interesting one, and she is warming up to the story. It has lots of opportunities in terms of a shale play called the Duvernay. They are trying to maintain cash flow with a SAGD heavy oil project that they are doing quite well with. Thinks there is a future with this company. If oil prices go to $32, this will be hit because it is a heavy oil story.


Price:
$1.120
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
Owned:
No
2016-08-02 COMMENT Greg Dean

Usually, in resources, if you have a lot of land or a lot of cash, time is your friend. This is the only one in Canada that had a lot of land and a lot of cash, and time was their enemy. What they had promised to investors was taking their conventional oil sands business, using the excess cash it had generated, and investing in a bunch of unconventional opportunities. What they ran out of was time and money.


Price:
$1.220
Subject:
GLOBAL GROWTH
Bias:
UNKNOWN
Owned:
No
2016-07-29 DON'T BUY Eric Nuttall

Not a name he would own.  They did a highly admirable job of deleveraging and doing a streaming deal on their oil.  Everyone knows the catalysts that have come and gone and now no one cares.  Everyone knows it is cheap and yet nothing is happening.  He would look to others.


Price:
$1.230
Subject:
ENERGY & SMALL CAP EQUITIES
Bias:
BULLISH on ENERGY
Owned:
No
2016-05-31 COMMENT Dennis da Silva

Has a joint venture with Murphy Oil, where they are basically being carried for the next few years on a Duvernay play. They also have their thermal project, which will be pretty steady and generate a nominal amount of cash flow. Has a much healthier balance sheet now, and expects they will look for other opportunities while Murphy is busy drilling out this project.


Price:
$1.410
Subject:
CANADIAN RESOURCES
Bias:
UNKNOWN
Owned:
No
2016-04-25 TOP PICK Paul Tepsich

7.5% bond maturing Nov 19/17. Probably one of the only exploration/production companies on the continent that is in a net cash position. It will have about $900 million in cash when they do the Murphy Oil joint venture, and have about $800 million of debt. The bond is worth $550 million. More senior to it is a bank debt of about $250 million. The $250 million debt matures after the bond in 2019, which is not a position that bankers usually like. The loan has a “springing” maturity, which means if any of the bonds are outstanding 6 months before they are due, the bank debt becomes due immediately. The company likes the bank debt which has a very attractive terms. Thinks the company is going to do a combination of paying down all this bond and maybe refinance with the new bond for $150 million.


Price:
$1.180
Subject:
Canadian Small-Mid Cap & Fixed Income
Bias:
BEAR
Owned:
Yes
2016-04-14 COMMENT David Cockfield

To him, this has always been one of those stocks that is an “over the horizon” situation. Although he is moderately optimistic about the oil sector, the oil sands have a new future ahead of them. $50 oil is pretty skinny for the oil sands, and a lot of projects are probably going to go by the boards.


Price:
$1.090
Subject:
CANADIAN & ETF's
Bias:
OPTIMISTIC
Owned:
Unknown
2016-03-10 DON'T BUY Keith Richards

Since 2015, this has been in a very gentle downtrend. He wouldn’t buy this until it breaks out of that pattern and starts to show some actual new highs and new lows to the upside.


Price:
$1.180
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2016-03-01 HOLD Jim Huang

Has a $475 million deal pending with Murphy Oil (MUR-N) that is supposed to close this month. This is pretty much reflected in the stock price. It gives them a lot of cash in their books. The capital commitment to the project is huge. At this stage, the issue is more the price of oil. At $35 oil, the project doesn’t make economic sense to develop. If there was a $60+ oil, then it would be better.


Price:
$0.950
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-02-16 COMMENT John Zechner

Murphy Oil (MUR-N) threw $400 million into the Duvernay plays for this company. Also, Athabasca sold off some of their oil sands assets giving them $700 million in paper. They still have a large debt position, but have liquid assets to offset it, so are pretty close to being debt free. These are big growing assets. However, oil sands producers are high cost producers, so if oil prices were to stay at $30, they would have a lot of problems. This one seems like a reasonable shot, but not without risk.


Price:
$1.030
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-12-04 DON'T BUY David Cockfield

Has avoided this stock. Has always considered it to be an over the horizon stock, i.e., the earnings were way out there somewhere. Oil sands have really taken a hit.


Price:
$1.660
Subject:
CANADIAN & ETF's
Bias:
OPTIMISTIC
Owned:
No
2015-12-02 SELL Swanzy Quarshie

(Market Call Minute.) There are a few challenges for the company. They are in the Duvernay which is a gas play and there is not enough cash flow for this company.


Price:
$1.690
Subject:
OIL & GAS
Bias:
OPTIMISTIC on OIL
Owned:
No
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