
TSE:ATH
This summary was created by AI, based on 11 opinions in the last 12 months.
Experts generally view Athabasca Oil Sands Corp (ATH) positively, highlighting the company's strong revenue growth and commitment to returning free cash flow to shareholders through share buybacks. Analysts note the stock has shown a positive uptrend, with expectations for further rallies in the oil market. Long-term potential is mentioned frequently, with forecasts suggesting significant upside, particularly if oil prices reach $80. Despite some concerns about valuation, the cleanliness of the company’s balance sheet and improving return on invested capital bolster its attractiveness. Additionally, a number of experts emphasize the importance of holding shares for extended periods to realize meaningful gains.
ATH vs HSE vs MEG? The clear stand out is MEG, who is 55% hedged at $59 oil prices. ATH has a high cost project with Hangingstone and is burning cash, although they have enough liquidity for the next 9 months. He would never own HSE, because of their ESG issues. All bets are off for all of them if $25 oil prices remain in 2021.
A smaller cap stock, so he is a little leery. He also thinks they tried to roll out debt to 2027 that has created some headwind. If you believe in $60 this is a screaming buy, anything less than that it is questionable in its ability to generate positive cash flow. He would prefer MEG-T instead.
It is a heavy oil play and needs a lot of capital. They have not created any shareholder value since going public. MEG-T is a preference.
A penny stock, so less institutional money driving it and more retail money, so more volatility. Bearish channel. Constructively positive on oil, and oil comes into season in February. This one is a small cap, so he's not as excited as he would be by a Suncor.
(A Top Pick Jul 20/18, Down 58%) A small-cap oil stock, but nobody is buying small-cap oil. They are the most levered to a rising oil price or a compressing WCS oil price differential. Their outlook is good, but the market isn't buying. He sold this and bought Cenovus and Whitecap Resources.