Compare ATH to MEG EnergyMEG is valued at 1.5B$ (equity) + 3.7 B$ Net debt = 5.2B$
Operating Cash flow 800M$ at 60$ WTI
Production 100k
ATH valued at 540M$
Cash Flow: approximately 150M$ at 60$ WTI
So MEG is trading at 5200/800 = 6.5 multiplier to their cash flow.
ATH is trading at 540/150 = 3.5 multiplier to their cash flow
ATH is undervalued by 100% compared to MEG.
SOMETHING WRONG - A TAKE OVER IS COMING!