Athabasca Oil Sands Corp | StockChase
156
Athabasca Oil Sands Corp (ATH-T)

Last Price Recorded: $1.2100 on 2017-11-17

ON STOCKCHASE SINCE Apr 2010

oil/gas

Athabasca Oil Sands Corp


Signal Opinion Expert

2017-11-15

COMMENT
Athabasca Oil Sands Corp (ATH-T)

A heavy oil producer, primarily in the oil sands. Their leverage to the oil price is higher than others. It’s one of the high beta names that people typically trade around, as opposed to investing in.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $1.170
Owned: No

2017-07-19

COMMENT
Athabasca Oil Sands Corp (ATH-T)

If you want to be in Canada, and want a very small cap and uber leverage to the oil price, this is a pretty good pick. They did a royalty deal on their oil sands project, which was nothing short of genius. Payments don’t start until oil exceed something like $70-$75. Their total cash/cost break-evens are around $44. If you are a believer in $65-$70 oil, this stock could really, really work. If you are a believer that we are stuck in a $50-$60 range for the next year, there are better areas to be in.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $0.910
Owned: Unknown

2017-03-23

BUY
Athabasca Oil Sands Corp (ATH-T)

One of the best beta picks you can select in Canada today.  They have a high quality asset.  They have an increase in free cash flow, which they can now deploy.  They have extraordinary leverage to an increase in oil price.  It is probably not the best investment unless you believe in oil higher than $50.  It could double if you are bullish on oil.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $1.410
Owned: Unknown

2017-02-10

BUY
Athabasca Oil Sands Corp (ATH-T)

About 10 years ago, they had a number of oil sand leases they sold off to Japanese partners. As they developed those, they collected the money and bought other assets and started drilling them. Recently bought a big oil sands operating project off of Statoil (STO-N). A good asset at a bargain price. The stock is fairly cheap. You could buy this one here and just hold onto it.

oil/gas
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Management

Price: $1.800
Owned: Yes

2016-12-06

HOLD
Athabasca Oil Sands Corp (ATH-T)

(Market Call Minute.) Keeping an eye on this because they’ve had a changeover of management and board. They seem to be doing the right things, but just not quite there yet for him.

oil/gas
Mason Granger

Portfolio Manager, Sentry Investments

Price: $1.450
Owned: No

2016-09-16

COMMENT
Athabasca Oil Sands Corp (ATH-T)

An interesting one, and she is warming up to the story. It has lots of opportunities in terms of a shale play called the Duvernay. They are trying to maintain cash flow with a SAGD heavy oil project that they are doing quite well with. Thinks there is a future with this company. If oil prices go to $32, this will be hit because it is a heavy oil story.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments

Price: $1.120
Owned: No

2016-08-02

COMMENT
Athabasca Oil Sands Corp (ATH-T)

Usually, in resources, if you have a lot of land or a lot of cash, time is your friend. This is the only one in Canada that had a lot of land and a lot of cash, and time was their enemy. What they had promised to investors was taking their conventional oil sands business, using the excess cash it had generated, and investing in a bunch of unconventional opportunities. What they ran out of was time and money.

oil/gas
Greg Dean

Principal & Portfolio Manager, Cambridge Global Asset Management

Price: $1.220
Owned: No

2016-07-29

DON'T BUY
Athabasca Oil Sands Corp (ATH-T)

Not a name he would own.  They did a highly admirable job of deleveraging and doing a streaming deal on their oil.  Everyone knows the catalysts that have come and gone and now no one cares.  Everyone knows it is cheap and yet nothing is happening.  He would look to others.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $1.230
Owned: No

2016-05-31

COMMENT
Athabasca Oil Sands Corp (ATH-T)

Has a joint venture with Murphy Oil, where they are basically being carried for the next few years on a Duvernay play. They also have their thermal project, which will be pretty steady and generate a nominal amount of cash flow. Has a much healthier balance sheet now, and expects they will look for other opportunities while Murphy is busy drilling out this project.

oil/gas
Dennis da Silva

Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.

Price: $1.410
Owned: No

2016-04-25

TOP PICK
Athabasca Oil Sands Corp (ATH-T)

7.5% bond maturing Nov 19/17. Probably one of the only exploration/production companies on the continent that is in a net cash position. It will have about $900 million in cash when they do the Murphy Oil joint venture, and have about $800 million of debt. The bond is worth $550 million. More senior to it is a bank debt of about $250 million. The $250 million debt matures after the bond in 2019, which is not a position that bankers usually like. The loan has a “springing” maturity, which means if any of the bonds are outstanding 6 months before they are due, the bank debt becomes due immediately. The company likes the bank debt which has a very attractive terms. Thinks the company is going to do a combination of paying down all this bond and maybe refinance with the new bond for $150 million.

oil/gas
Paul Tepsich

Portfolio Manager, High Rock Capital Management Inc.

Price: $1.180
Owned: Yes

2016-04-14

COMMENT
Athabasca Oil Sands Corp (ATH-T)

To him, this has always been one of those stocks that is an “over the horizon” situation. Although he is moderately optimistic about the oil sector, the oil sands have a new future ahead of them. $50 oil is pretty skinny for the oil sands, and a lot of projects are probably going to go by the boards.

oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $1.090
Owned: Unknown

2016-03-10

DON'T BUY
Athabasca Oil Sands Corp (ATH-T)

Since 2015, this has been in a very gentle downtrend. He wouldn’t buy this until it breaks out of that pattern and starts to show some actual new highs and new lows to the upside.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $1.180
Owned: Unknown

2016-03-01

HOLD
Athabasca Oil Sands Corp (ATH-T)

Has a $475 million deal pending with Murphy Oil (MUR-N) that is supposed to close this month. This is pretty much reflected in the stock price. It gives them a lot of cash in their books. The capital commitment to the project is huge. At this stage, the issue is more the price of oil. At $35 oil, the project doesn’t make economic sense to develop. If there was a $60+ oil, then it would be better.

oil/gas
Jim Huang

President, T.I.P. Wealth Management

Price: $0.950
Owned: Unknown

2016-02-16

COMMENT
Athabasca Oil Sands Corp (ATH-T)

Murphy Oil (MUR-N) threw $400 million into the Duvernay plays for this company. Also, Athabasca sold off some of their oil sands assets giving them $700 million in paper. They still have a large debt position, but have liquid assets to offset it, so are pretty close to being debt free. These are big growing assets. However, oil sands producers are high cost producers, so if oil prices were to stay at $30, they would have a lot of problems. This one seems like a reasonable shot, but not without risk.

oil/gas
John Zechner

Chairman, J. Zechner & Assoc

Price: $1.030
Owned: No

2015-12-04

DON'T BUY
Athabasca Oil Sands Corp (ATH-T)

Has avoided this stock. Has always considered it to be an over the horizon stock, i.e., the earnings were way out there somewhere. Oil sands have really taken a hit.

oil/gas
David Cockfield

Managing Director, Northland Wealth Management

Price: $1.660
Owned: No

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