Athabasca Oil Corp T.ATH

My expectations for WTI and ATH - medium term

[lovehockey]

By the end of the year WTI will hit at some point $52 and ATH $0.25
By March 31, 2021 - WTI to hit $57 and ATH $.38
By July 30, 2021 - WTI to hit $65 ans ATH 0.60

[fellowship]

Are the wash trades turning you off ? just let them be, cash flows will improve with time, as you remember we voted for stock buybacks.

[lovehockey]

What turns me off is that wash traders don't lose any shares. That means they can do infinitely long. Every time there is an ask at $0.16 they will wash trade small amount of shares @ $0.155. I don't get why these trades happen between accounts with the same broker, that way it opens a loophole for wash trading.  

[fellowship]

Please check your PM 

[ManitobaCanuck]

Secret info :) , share with us too.Lol

[fellowship]

It is not a secret , please check your PM, LOL

[lovehockey]

Wow, I underestimated. That was Dec 7....

[2020oilgamble]

This post has been removed in accordance with Community Policy

[senseimike]

LOL If you were any closer i'd be asking you to polish that crystal ball. A couple of years ago when WCS hit $55 , ATH hit almost $2. We are almost there with WCS. Now we need ATH to catch up !

[senseimike]

Hey Lovehockey......What's your new predictions ?

[lovehockey]

Scenario 1 - no re-financing announced until very last moment Summer - $1 End of year - $1.50 Scenario 2  If re-financing is announced ATH will get to 1/5 or 1/6 of Meg price within 2 weeks. As of now it should be $1.40. End of year $2+

[senseimike]

So you think  $1.00 -1.40 by summer and  $1.50 - 2.00 by end of year. I like it. However,   I think Brent goes to $80 before OPEC puts on the brakes. WTI to $77. Prices stay high like that all year.  OPEC + barely meets demand by the fall of this year. ATH has enough cash flow to pay down 50% of debt before debt is due and this goes to $ 4.00 by/before May 2022. Which

[Mtklip]

I think OPEC is heading to $80 Brent, but in steps. They'll first get us comfortable with $55-$65 oil, in a year maybe higher.

[lovehockey]

I do not believe in $4 in medium term. The reason for it is the US that absolutely can't afford having $100 for a long time. People on social support in the US without cheap gasoline will start a revolution. There will be some new mechanisms applied to keep the oil prices down. Last resort they can print money and send it to Saudis to open the taps again. I do believe in a oil price spike

[senseimike]

With the amount of stimulus the Dems unleash...anything is possible. Guess we will see. Sometimes dreams do come true. STay long !

[fellowship]

There are many predictions and if you include stock buybacks along the way unlimited potential. 

[ValueCan1]

With improved outlook and rising Canadian dollar I would guess they are now looking at a lot of options. 1.  Still undervalued debt to buy with unlocked cash 2.  New institutional holders probably want a bought deal at 20% discount. 3. New debt available in the 7% range. 4. Company could set up atm - at the market 5. Non-dilutive Rights offering I would favour no. 1,3 or 5 or a