A timely buy. It's seen an uptrend in 2023 to return to the June 2022 high. It's pushing on new highs now. Definitely the time to buy.
High exposure to rising oil prices.
Excellent prospects going forward.
Major tax loses will cover any tax expenses going forward.
~30 years of proved reserves.
Starting share buyback next month.
Expecting more than 100% upside potential for the share price.
Trading in a range for some time. Earnings forecasts are slipping, may come under pressure. Not his favourite. Too expensive. See his Top Picks.
Largest shareholder in company.
Very large reserve life index.
Company is now debt free.
Will return 75% of free cash flow starting in April.
Expecting major share buybacks.
Trading at 1.8x cash flow @ $100 oil.
Tax losses worth $0.44 per share.
5x multiple would suggest a $6 share price.
Great long-life reserves. If oil stays at current levels, it will flow to the bottom line. Cash generator with a long history. TWM has better growth prospects for production.
Athabasca Oil Sands Corp is a Canadian stock, trading under the symbol ATH-T on the Toronto Stock Exchange (ATH-CT). It is usually referred to as TSX:ATH or ATH-T
In the last year, 9 stock analysts published opinions about ATH-T. 6 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Athabasca Oil Sands Corp.
Athabasca Oil Sands Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Athabasca Oil Sands Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
9 stock analysts on Stockchase covered Athabasca Oil Sands Corp In the last year. It is a trending stock that is worth watching.
On 2023-06-05, Athabasca Oil Sands Corp (ATH-T) stock closed at a price of $2.96.
Doesn't own either. Usually sticks with light oil, but see his Top Picks. If he had to choose, he'd pick MEG: larger market cap, better liquidity and institutional ownership.
ATH is more focused on debt reduction. It does buybacks, and he prefers dividends for income. Rocky stock performance.