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TSE:ATH
This summary was created by AI, based on 13 opinions in the last 12 months.
Athabasca Oil Sands Corp (ATH-T) is regarded positively by various experts, with many highlighting its potential for significant growth in the energy sector. Analysts recognize how the company's strong balance sheet and share buyback strategy contribute to its appeal, while the overall energy market is anticipated to benefit from positive momentum over the next six to nine months. ATH-T is also viewed as well-positioned to take advantage of increased pipeline capacity in Canada, along with an expected rise in global oil demand. Technical indicators suggest a positive long-term trend, despite some short-term pressures. With forecasts of substantial upside potential, many experts recommend purchasing shares now to capitalize on future growth opportunities.
This is one that investors have gotten a little bit frustrated with. In August, Kuwaitis were forming a deal to do a joint venture. It now looks that the deal has been reaffirmed again. At this valuation, this should do fairly well. For its barrels in the ground, it is trading at about $0.15 and should really go for $0.75-$0.80.
(A Top Pick Oct 28/11. Down 0.97%.) If you look at the last 2 joint ventures that this company did, around $1 a barrel and where Chinese companies were willing to put up hard dollars for the assets, you’ll get a value of probably $24-$25 today. It either gets bought or moves substantially higher. Great long-term assets.
Thinks that oil prices are going to settle down and they are not going to be a very low cost producer. He would be wary on this.