ATH an acquisition target More than ever ATH looks like a take over target. The stock has been mostly range bound since March (aside from a short lived run in June) and every time it tries to run, misterious sellers appear to quickly squash the uptick. Fair market value is $3.61 according to Morningstar. They have over 1B barrels of reserve and a huge land position in future growth light oil. For such rich assets a cap of CAD 1.5B (give or take) makes an easy call.
We have not yet seen a barrage of M&A in the Canadian oil sector but they will happen as most players clean up the balance sheets from the debt hangover. ATH is a low hanging fruit when the time comes.
And yes, for those who are experts in making money from the day to day ups and downs, all the best. It is just not my kind of game.