Looking forward? Athabasca Oil (ATH TSX)
The company stands on the cusp of initiating its very first share buyback program next month, having committed 75 per cent of free cash flow to be returned to shareholders. Trading at a 20 per cent/29 per cent free cash flow yield at US$80/US$100WTI, we see meaningful share buybacks acting as a catalyst to drive a re-rating in the stock valuation
Zero net debt
100 year reserves
7 Years tax exempt
35,000 bpd plus
Solid management
Plus
FYI Only.