RE:RE:One of these days, and soon, ATH will be goneBased on all the normal valuation metrics ATH is undervalued, but so are most Canadian oil and gassers with the possible exception of TOU. The market, despite all the indications that oil and gas may be in short supply, still hates these names. It's hard to believe that 10 years ago it was normal to value companies at ~$75,000 to $100,000 per flowing barrel. Some US names are in that range but the Canadian names aren't even close. Now that ATH has resolved their imminent debt problem they should be spinning cash into 2022 and beyond.
Oil as a commodity is still in backwardation indicating that the market expects ample supply in the future, but I have no idea where that supply will come from.