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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 holds the type of exposure to oil he likes best as he is very bullish on oil prices going forward. With the Canadian energy sector at the point that everyone hates it, now is the time to buy. They are going to monetize their midstream assets that are high in demand, which will allow them to pay down almost all their debt. If you run an $80 WTI price, he sees this trading in the mid-$4 range.
Pay attention to producers, and how they’re going to respond to the price of oil. Look at the big producers, the Suncors of the world. They’re going to lead the commodities. Athabasca was up $0.01, when oil was down. Expect Athabasca to get its legs underneath it and start to push ahead. The resistance level is important. Looks pretty good, but prefers Parex, Kelt, and Enerplus.
(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.