TSE:ATH

Athabasca Oil Sands Corp (ATH.TO)

10.55
-0.05 (0.47%)
as of Sep 17, 2026, 1:34:42 pm Market Open.
407 watching
0
PAST TOP PICK
(A Top Pick Nov 5/10. Up 3.79%.)
BUY
Has an oil sands project that is slated to come on in 2014-2015. Great optionality to it and great leverage to the price of oil. At these levels, is pretty reasonable to hold for the next couple of years.
BUY
There are few companies in the oil patch that have more rumours floating around them. Sitting on both oil sand assets and others that are yet to be developed. Have 1,000,000 acres of Deep Basin, an extraordinary area to have land as there is no water as well as stack pay. Can probably do pretty well.
BUY
If we get above the $13.90 it will go to the upper end of the range. Support where we are right now.
TOP PICK
(Top Pick Nov 5/10, Up 16.22%) Rallied a little in the last month. SO cheap on an asset business. Fully funded, production in 2014. Deal with Chinese. If they buy entire Dover project, ATH ends up with 2 billion dollars otherwise they continue to be the operator and you win either way.
COMMENT
His objection to this is “no dividend”. This one is over the horizon. If you want to get into the oil sands, you can get into Suncor (SU-T) or Canadian Oil Sands (COS-T) instead.
BUY
Cheap, enormous land area. Yes, buy this name.
DON'T BUY
Difficult times since its IPO, which was multiple times oversubscribed. Didn't stay at the IPO price very long before it dropped to $10. He is a little the re-of the long lead times oil sands projects as he expects there will be a. Of cost inflation in this area.
PAST TOP PICK
(Top Pick May 27/10, Up 58%) Great company, nasty launch, though. Fully funded. Doing some progressive things. Oil sands.
RISKY
Timing of IPO was not great. He would prefer SU. ATH is an oil price play. If you think it is going up then it is a buy, otherwise he prefers the producers.
TOP PICK
The IPO last year was priced too high. It has come back up to that point now. This is a very high quality stock and a seriously large oil sands accumulation of land. They just bought more land in the last few days. He is inspired by the idea that ‘oil is oil’ and ‘we have it’ and ‘you have got to have it’. Figures this one will run higher.
DON'T BUY
He would be cautious. If the deal with China takes place they would be loosing a most valuable asset. There would be risks down the road
COMMENT
Very special case as there won’t be production until 2014. Management is working on some options such as another joint venture partner or selling the company. It’s either dead money or management will make something happen.
TOP PICK
The problem is that there is no cash generation for a couple of years, but they are fully funded to 2014. You are paying for reserve development. It’s cheap. You may have to wait for a while.
BUY
The big failed IPO of the year. Assets where great but private shareholders made so much money that they were selling. That is all out of the way. Significant insider buying. Everyone hates it, failed IPO bit insiders are buying so may be time to buy it.
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