TSE:ATH
0.15
0.00
(0.00%)
Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets.
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Analysis and Opinions about ATH-T
Signal
Opinion
Expert
COMMENT
COMMENT
April 3, 2020
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.
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.
DON'T BUY
DON'T BUY
March 6, 2020
They do have a partial hedge for 2020 revenues, but they are severally challenged in this price environment -- now having negative cash flows. You have to believe in $55-$60 oil prices to see this do well -- its effectively a call option on future oil prices now.
Show full opinionHide full opinionThey do have a partial hedge for 2020 revenues, but they are severally challenged in this price environment -- now having negative cash flows. You have to believe in $55-$60 oil prices to see this do well -- its effectively a call option on future oil prices now.
SPECULATIVE BUY
SPECULATIVE BUY
February 12, 2020
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.
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.
DON'T BUY
DON'T BUY
January 23, 2020
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.
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.
COMMENT
COMMENT
January 21, 2020
You can get into it now. This must wait for the big oil names to rise, before this does. Doesn't see much downside (it's fallen so far), though it could take time for it to rise.
Show full opinionHide full opinionYou can get into it now. This must wait for the big oil names to rise, before this does. Doesn't see much downside (it's fallen so far), though it could take time for it to rise.
COMMENT
COMMENT
January 16, 2020
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 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.
DON'T BUY
DON'T BUY
December 31, 2019
It's on the verge of breaking out--and he buys only breakouts, not before. Chart shows a downtrend, but if it break a trendline it is a possible buy.
Show full opinionHide full opinionIt's on the verge of breaking out--and he buys only breakouts, not before. Chart shows a downtrend, but if it break a trendline it is a possible buy.
PARTIAL SELL
PARTIAL SELL
December 19, 2019
They want shareholders to vote to free up restricted cash to potentially buy back stock next year. The key challenge for them is liquidity. There are no sellers and few buyers. If you are looking to buy a small amount, they offer fairly good torque. It is one of the best horses to pick.
Show full opinionHide full opinionThey want shareholders to vote to free up restricted cash to potentially buy back stock next year. The key challenge for them is liquidity. There are no sellers and few buyers. If you are looking to buy a small amount, they offer fairly good torque. It is one of the best horses to pick.
DON'T BUY
DON'T BUY
December 10, 2019
Good, long-life production. Balance sheet is stretched, though. MEG Energy is better on the heavier oil side; it's in better shape. Problem is there are no new buyers of energy stocks. We are seeing a bit of a bounce in the past month in oil, however, which is encouraging. Don't rush out to buy ATH, but MEG, Baytex or Crescent Point. There's some risk in ATH.
Show full opinionHide full opinionGood, long-life production. Balance sheet is stretched, though. MEG Energy is better on the heavier oil side; it's in better shape. Problem is there are no new buyers of energy stocks. We are seeing a bit of a bounce in the past month in oil, however, which is encouraging. Don't rush out to buy ATH, but MEG, Baytex or Crescent Point. There's some risk in ATH.
HOLD
HOLD
November 15, 2019
He thinks there are too few energy players to make the space relevant -- and that is true for the entire space. Only the larger players will get investor interest. He sold this at $0.84 and thought that was the low. The concern he has is that they are not using free cash flow to buy shares, but that has changed. They have taken down a field for maintenance and it is not producer like before -- he has to research this further.
Show full opinionHide full opinionHe thinks there are too few energy players to make the space relevant -- and that is true for the entire space. Only the larger players will get investor interest. He sold this at $0.84 and thought that was the low. The concern he has is that they are not using free cash flow to buy shares, but that has changed. They have taken down a field for maintenance and it is not producer like before -- he has to research this further.
DON'T BUY
DON'T BUY
October 11, 2019
The market cap has become too small for a large fund manager to follow anymore. He sold around $0.82 and it continued to sell off much lower. That scared him about the liquidity. He would need to see $60 WTI and $15 heavy oil differentials to be able to generate enough free cash flow to excite him back in. On top of that, their JV in Duvernay will require more capital outlay soon. He would look elsewhere.
Show full opinionHide full opinionThe market cap has become too small for a large fund manager to follow anymore. He sold around $0.82 and it continued to sell off much lower. That scared him about the liquidity. He would need to see $60 WTI and $15 heavy oil differentials to be able to generate enough free cash flow to excite him back in. On top of that, their JV in Duvernay will require more capital outlay soon. He would look elsewhere.
PAST TOP PICK
PAST TOP PICK
October 11, 2019
(A Top Pick Oct 19/18, Down 63%) Unfortunately the market cap has become too small for the big institutional investors to be interested in this. He expects the dividend paying energy stocks would rebound well before this one does.
Show full opinionHide full opinion(A Top Pick Oct 19/18, Down 63%) Unfortunately the market cap has become too small for the big institutional investors to be interested in this. He expects the dividend paying energy stocks would rebound well before this one does.
PAST TOP PICK
PAST TOP PICK
August 30, 2019
(A Top Pick Aug 17/18, Down 61%) He sold it and bought Cenovus. There's no demand for micro-caps which ATH sadly has become. Their cash flow goes up the most if WCS differentials stay low. To own this, you must believe in $60 WTI or $15 or less differentials. Also, ATh didn't want to buyback shares, which he disagrees with. It now trades near all-time lows.
Show full opinionHide full opinion(A Top Pick Aug 17/18, Down 61%) He sold it and bought Cenovus. There's no demand for micro-caps which ATH sadly has become. Their cash flow goes up the most if WCS differentials stay low. To own this, you must believe in $60 WTI or $15 or less differentials. Also, ATh didn't want to buyback shares, which he disagrees with. It now trades near all-time lows.
PAST TOP PICK
PAST TOP PICK
July 19, 2019
(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.
(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.
WATCH
WATCH
July 17, 2019
He does not currently own this. They have a billion dollar joint venture to explore the Duvernay and a similar venture with Statoil and also in thermal development. This may be creating some angst with investors. He is watching this to see how this develops, but is not ready to step in yet.
Show full opinionHide full opinionHe does not currently own this. They have a billion dollar joint venture to explore the Duvernay and a similar venture with Statoil and also in thermal development. This may be creating some angst with investors. He is watching this to see how this develops, but is not ready to step in yet.
Athabasca Oil Sands Corp(ATH-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 6
Total Signals / Votes : 11
Athabasca Oil Sands Corp(ATH-T) Frequently Asked Questions
What is Athabasca Oil Sands Corp stock symbol?
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
Is Athabasca Oil Sands Corp a buy or a sell?
In the last year, 11 stock analysts published opinions about ATH-T. 4 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Athabasca Oil Sands Corp.
Is Athabasca Oil Sands Corp a good investment or a top pick?
Athabasca Oil Sands Corp was recommended as a Top Pick by Eric Nuttall on 2020-04-03. Read the latest stock experts ratings for Athabasca Oil Sands Corp.
Why is Athabasca Oil Sands Corp stock dropping?
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.
Is Athabasca Oil Sands Corp worth watching?
11 stock analysts on Stockchase covered Athabasca Oil Sands Corp In the last year. It is a trending stock that is worth watching.
What is Athabasca Oil Sands Corp stock price?
On 2020-04-08, Athabasca Oil Sands Corp (ATH-T) stock closed at a price of $0.15.
