174

Athabasca Oil Sands Corp (ATH-T)

ON STOCKCHASE SINCE Apr 2010

oil/gas

Athabasca Oil Sands Corp
ATH-T

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Signal	Opinion	Expert
BUY	Athabasca Oil Sands Corp(ATH-T) March 8, 2019 If you believe in $60 oil or higher, this offers the highest leverage of any name. If you believe in $55 or lower, you do not want to own this. This company is very sensitive to oil price and oil differential. Negative cash flow at $55 oil and positive cash flow at $60 oil. If Line 3 does come on next year, and oil by rail ramps up, and if get positive resolution to Keystone or trans mountain, this could be a double or triple. oil/gas 0 0 0 0 0 0 comments	If you believe in $60 oil or higher, this offers the highest leverage of any name. If you believe in $55 or lower, you do not want to own this. This company is very sensitive to oil price and oil differential. Negative cash flow at $55 oil and positive cash flow at $60 oil. If Line 3 does come on next year, and oil by rail ramps up, and if get positive resolution to Keystone or trans mountain, this could be a double or triple. oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $0.850 Owned Unknown

COMMENT	Athabasca Oil Sands Corp(ATH-T) January 25, 2019 He thinks WCS will stabilize at $17 discount to WTI for the next few years. If you see Line 3 being completed this year and rail filling the gap, this company offers a tremendous leverage to tightening WCS. Their debt levels have been cut sharply. At $55 WTI, this company generates massive cash flow. At $80 WTI and $20 WCS discount, his target is $4.13 for the stock price. At $70 it is $2.67 per share. You can see the leverage. oil/gas 0 0 0 0 0 0 comments	He thinks WCS will stabilize at $17 discount to WTI for the next few years. If you see Line 3 being completed this year and rail filling the gap, this company offers a tremendous leverage to tightening WCS. Their debt levels have been cut sharply. At $55 WTI, this company generates massive cash flow. At $80 WTI and $20 WCS discount, his target is $4.13 for the stock price. At $70 it is $2.67 per share. You can see the leverage. oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $0.980 Owned Unknown
BUY	Athabasca Oil Sands Corp(ATH-T) December 14, 2018 When MEG-T is gone, ATH-T will be the highest levered company to tightening heavy differentials. They trade on 11 times cash flow and that can fall to 4.5 times with a tighter heavy differential. He sees heavy differentials at $20. He sees a target of $2.67 in share price. He is the second largest shareholder in this company. (Analysts’ price target is $2.16) oil/gas 0 0 0 0 0 0 comments	When MEG-T is gone, ATH-T will be the highest levered company to tightening heavy differentials. They trade on 11 times cash flow and that can fall to 4.5 times with a tighter heavy differential. He sees heavy differentials at $20. He sees a target of $2.67 in share price. He is the second largest shareholder in this company. (Analysts’ price target is $2.16) oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $1.060 Owned Yes
BUY	Athabasca Oil Sands Corp(ATH-T) November 16, 2018 He likes the long term prospects. He thinks he is the largest shareholder of this company. It is a small cap name, but should be able to monetize some midstream assets very soon which will reduce debt. He thinks this could be a multi bagger. It is one of his higher beta names. oil/gas 0 0 0 0 0 0 comments	He likes the long term prospects. He thinks he is the largest shareholder of this company. It is a small cap name, but should be able to monetize some midstream assets very soon which will reduce debt. He thinks this could be a multi bagger. It is one of his higher beta names. oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $1.070 Owned Yes
TOP PICK	Athabasca Oil Sands Corp(ATH-T) October 19, 2018 With MEG potentially taken out, this may the only significant opportunity to maximize the torque of heavy of oil differentials tightening. He expects the valuation to rise by 50%-100% on oil prices between $70-$80 per barrel. oil/gas 0 0 0 0 0 0 comments	With MEG potentially taken out, this may the only significant opportunity to maximize the torque of heavy of oil differentials tightening. He expects the valuation to rise by 50%-100% on oil prices between $70-$80 per barrel. oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $1.520 Owned Yes
BUY	Athabasca Oil Sands Corp(ATH-T) September 14, 2018 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. oil/gas 0 0 0 0 0 0 comments	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. oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $1.380 Owned Yes
TOP PICK	Athabasca Oil Sands Corp(ATH-T) August 17, 2018 He hopes they will be able to monetize their midstream assets in the near future for $300 million, which would almost eliminate their debt. This is a good play for tightening heavy oil differentials and higher WTI – which he sees over $80 next year. Yield 0%. (Analysts’ price target is $2.44) oil/gas 0 0 0 0 0 0 comments	He hopes they will be able to monetize their midstream assets in the near future for $300 million, which would almost eliminate their debt. This is a good play for tightening heavy oil differentials and higher WTI – which he sees over $80 next year. Yield 0%. (Analysts’ price target is $2.44) oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $1.500 Owned Yes
DON'T BUY	Athabasca Oil Sands Corp(ATH-T) August 10, 2018 A heavy oil producer that has a lot of leverage on the balance sheet. It trades a relative cheap multiple, but he does not like the exposure to heavy oil. It is a speculative name in his mind that lacks the growth parameters they look for. oil/gas 0 0 0 0 0 0 comments	A heavy oil producer that has a lot of leverage on the balance sheet. It trades a relative cheap multiple, but he does not like the exposure to heavy oil. It is a speculative name in his mind that lacks the growth parameters they look for. oil/gas 0 0 0 0 0 0 comments Mike Archibald Associate , AGF Investments... Price $1.540 Owned No
TOP PICK	Athabasca Oil Sands Corp(ATH-T) July 20, 2018 They are the number two in Canada. Should be able to monetize some assets and should be debt free. The name is trading at just over 2 times EBITA. At $70 oil, he sees a 102% upside. At $80 oil, he sees an upside of 172%. (Analysts’ price target is $2.41) oil/gas 0 0 0 0 0 0 comments	They are the number two in Canada. Should be able to monetize some assets and should be debt free. The name is trading at just over 2 times EBITA. At $70 oil, he sees a 102% upside. At $80 oil, he sees an upside of 172%. (Analysts’ price target is $2.41) oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $1.790 Owned Yes
COMMENT	Athabasca Oil Sands Corp(ATH-T) June 15, 2018 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. oil/gas 0 0 0 0 0 0 comments	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. oil/gas 0 0 0 0 0 0 comments Hap (Robert) Sn Chief Port, Castlemoore Inc.... Price $1.670 Owned No
TOP PICK	Athabasca Oil Sands Corp(ATH-T) June 11, 2018 They have higher operating costs due to oil sands. He has not sold any when it recently peaked. We have exhausted sellers recently. They could be debt free by end of year. (Analysts’ target: $2.25). oil/gas 0 0 0 0 0 0 comments	They have higher operating costs due to oil sands. He has not sold any when it recently peaked. We have exhausted sellers recently. They could be debt free by end of year. (Analysts’ target: $2.25). oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $1.740 Owned Yes
DON'T BUY	Athabasca Oil Sands Corp(ATH-T) May 14, 2018 He's simply not buying Athabasca (or CPG-T) [to answer a client whose question involves an inside joke]. oil/gas 0 0 0 0 0 0 comments	He's simply not buying Athabasca (or CPG-T) [to answer a client whose question involves an inside joke]. oil/gas 0 0 0 0 0 0 comments Richard Croft President, R.N. Croft Financial... Price $1.920 Owned Unknown
COMMENT	Athabasca Oil Sands Corp(ATH-T) May 10, 2018 He likes the move it has done recently on good volume but if you look at the longer term, it is not there yet. oil/gas 0 0 0 0 0 0 comments	He likes the move it has done recently on good volume but if you look at the longer term, it is not there yet. oil/gas 0 0 0 0 0 0 comments Elliott Fishman Director o, Trading Services Gro... Price $1.860 Owned No
TOP PICK	Athabasca Oil Sands Corp(ATH-T) May 4, 2018 His go to name for when WTI returns to $80 next year. Even at today’s high stock price, this could still go to $5 per share. They have reduced their leverage and could become debt-free in the near future. Yield 0%. (Analysts’ price target is $1.85 ) oil/gas 0 0 0 0 0 0 comments	His go to name for when WTI returns to $80 next year. Even at today’s high stock price, this could still go to $5 per share. They have reduced their leverage and could become debt-free in the near future. Yield 0%. (Analysts’ price target is $1.85 ) oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $1.670 Owned Yes
TOP PICK	Athabasca Oil Sands Corp(ATH-T) April 17, 2018 There is a concern that they have too much debt. However, they have been reducing it and are now down to 275 million debt, which is about 2x cash flow. They could be debt free in the next 3-to-4 months because they are going to be monetizing some of their infrastructure assets. This offers the highest leverage to a change in oil price. This is where money will flow when there is a change in sentiment. They have 55% exposure to light oil, a long reserve life, with a clean balance sheet. (Analysts’ price target is 1.70$) oil/gas 0 0 0 0 0 0 comments	There is a concern that they have too much debt. However, they have been reducing it and are now down to 275 million debt, which is about 2x cash flow. They could be debt free in the next 3-to-4 months because they are going to be monetizing some of their infrastructure assets. This offers the highest leverage to a change in oil price. This is where money will flow when there is a change in sentiment. They have 55% exposure to light oil, a long reserve life, with a clean balance sheet. (Analysts’ price target is 1.70$) oil/gas 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $1.430 Owned Yes

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