RE:RE:RE:RE:My take
Come on Estevan aren't you the same guy who predicted bankruptcy for this company in 2020 when it was at
18/20 cents . I bought then when you predicted the sky was falling and I made a million on this .
The inherent value is approx 2$ and even if they are liquidated/taken over at 50% price we still make money . I know there is a fourth wave but as Israeli data shows ,it affects only older patients and in vaccinated people ,ICU admissions aren't high .So this will pass in a few weeks and we will see oil test 70$ again towards end of year.
EstevanOutsider wrote: They are hedging 50% of their volumes. At $4 aeco and $60 they wont have that much FCF. Athabasca needs a better oil price otherwise survival will be meager, assuming they do.