RE:Nutall logic, MEG vs. ATHNuttall's stated investment strategy for 2022 is to buy Canoils on the cusp of returning CF to shareholders. ATH is still about a year away from doing that. Add to the fact that they are hording lots of cash on the balance sheet at a time when it really is not necessary to.
MEG on the other hand is maybe 6 months away from its debt target and stated goal of returning CF to shareholders. ATH stock was able to hold up reasonably well in the face of the 32mil share disposition by Ninepoint. 1.20 should be a good price support base.