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CVE:ABM

0.45
0.01 (2.27%) 1d
0
Showing 1 to 15 of 15 entries
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BUY
They make frack sand; not a commonly covered stock. Trades at 15x earnings. The 2021 outlook is much better, supported by strong demand. A good opportunity.
Mining
BUY
It's speculative. They produde gravel, sand and rock in the Oil Sands. They're starting another pit later this year. They have a couple of frack and sand deposits, which is positive. He's like the upside. Their strong cash flow limits downside.
Mining
BUY
An Alberta based aggregates company – the division that pays the bills. Two other divisions. One is a fack-sand division. Drilling in BC is about to pickup because of the LNG plant about to go in. If they can prove out their deposits it could be very positive for the division. The other division is like Uber eats but for gravel, which is an inefficient market. They can profit from the division between gravel prices between vendors as they take orders for delivery.
Mining
WATCH

They operate some gravel pits in Fort McMurray and it is a hot commodity there. They also have frac sand. He is hesitant due to a lawsuit with one of their customers. Wait for that to clear up.

Mining
COMMENT

This had a monster frac sand deposit, which was very attractive. The demand for frac sand is not going to be great. He got out before the stock fell.

Mining
COMMENT

He has a very small position in this. The big business for them is the frac sand market. Most frac sand is being railed in from Wisconsin. Athabasca has a big sand quarry in Alberta where they are doing their preliminary assessment. Strategically located. Has no revenue from this right now. Stock had a big run up as there were expectations of them getting approval for this quarry. Pulled back because everyone is now concerned about the longevity of the energy business and what that will mean for this company. If you have a longer-term time horizon this would be a good entry point. Probably 18 months away, plus they are going to have to do an equity raise for a rail.

Mining
COMMENT

Did very well, but has done poorly in the last month. Fortunately, he exited before the selloff happened. They operate some gravel pits in Fort McMurray, and have a frac sand deposit, which is where the bulk of the value was when it was at $3. Frac sand still has a tremendous influence on the stock price. They don’t have enough cash flow to develop the mine themselves. However, he feels it is a tremendous asset if you believe in healthy oil prices.

Mining
COMMENT

A really interesting company. Their primary business right now is gravel crushing. They operate a mine for the Alberta government. Numbers came out today and were probably a little disappointing. The real upside with this one is that they have an opportunity to participate in a frac sand market. The majority of the frac sand that is used in Western Canada gets railed in from Wisconsin. They have an opportunity to set up a depot, which will require some capital, so wouldn’t be surprised to see them raising money in the short term. This is where the huge upside is as they will be able to compete on price. The sand won’t be the same quality, but will be satisfactory for most of the frac jobs. He is looking at this one.

Mining
COMMENT

Produces gravel and sand. Tar sands mines have gravel roads, and they consume a lot of gravel. The real value is their fracing sand. He is sure there is more upside to come. It will be volatile as it is an undeveloped resource play.

Mining
COMMENT

Fracing sand is turning out to be a great business to be in, so you want to go with the actual producer. This gives you a broader base, and is a much simpler way to get into that area. Not a bad area to get into.

Mining
PAST TOP PICK

(A Top Pick May 25/12. Up 71.67%.) Still buying. Gravel producer in Fort McMurray area. Make nice profits from that, but what really interested him was their frac sand deposit for shale. This deposit is worth a lot of money and they are just waiting to see if the Alberta government is going to require a full environmental impact assessment. He is betting that they won’t. If so, the stock should move appreciably.

Mining
HOLD

Produces gravel in Fort McMurray for the big oil companies. Stock sold off because it got ahead of itself and, as well, people are losing patience with the permitting of the frac sand deposit. If this deposit gets developed, the stock will go a lot higher. Has it as a Hold right now as he wants to see the Q4 earnings.

Mining
BUY

Makes gravel in Fort McMurray. Thinks this is going to go higher. Have a lot of catalyst waiting for them that could move the stock price up. Have a huge frac sand deposit and are waiting to hear from the government as to whether they can proceed developing at, or if they have to do a full environmental assessment.

Mining
STRONG BUY

Not a fan of commodity players but likes the companies that provide them with equipment, etc. This company sells gravel and oil Sands producers use a lot of gravel. The company returns 45% on equity. Management owns a lot of stock. Trading at around 11X earnings. Literally across the road from Imperial Esso’s (IMO-T) Kearl and will be a big customer for them. Likes this one a lot.

Mining
TOP PICK
Produces gravel in Fort McMurray. Management owns about 44%. Have produced enormous profits relative to their market cap but the stock trades for 5X trailing earnings. If you believe in the oil sands and the construction of these big plants and roads, this is the play for you because they are pretty much the dominant gravel producer there. Also have a frac sand deposit which is very valuable for fracing needs. Short positions have all but evaporated.
Mining
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Athabasca Minerals(ABM-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Athabasca Minerals is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Athabasca Minerals(ABM-X) Frequently Asked Questions

What is Athabasca Minerals stock symbol?

Athabasca Minerals is a Canadian stock, trading under the symbol ABM-X on the TSX Venture Exchange (ABM-CV). It is usually referred to as TSXV:ABM or ABM-X

Is Athabasca Minerals a buy or a sell?

In the last year, there was no coverage of Athabasca Minerals published on Stockchase.

Is Athabasca Minerals a good investment or a top pick?

Athabasca Minerals was recommended as a Top Pick by on . Read the latest stock experts ratings for Athabasca Minerals.

Why is Athabasca Minerals 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 Minerals worth watching?

0 stock analysts on Stockchase covered Athabasca Minerals In the last year. It is a trending stock that is worth watching.

What is Athabasca Minerals stock price?

On 2019-11-15, Athabasca Minerals (ABM-X) stock closed at a price of $0.45.