Post by
guelph1 on Mar 16, 2021 8:11am
GET REAL........
To all you pumpers of this stock, give your heads a shake. This company's continued survival is predicated on the price of WCS and in a minor part the price of NG. They've cut their expenses to the bone and borrowed to the hilt to survive, not alot of upside. Watch the oil prices/NG price/news and what do you see, increased production especially from the cheater countries, stagnant demand in North America and in ATH's case, they are not replacing their reserves through a limited capex budget. Some of you are delusional with your fairy tale price predictions. We all are entitled to our point of view and this is mine.....
Comment by
Nic777 on Mar 16, 2021 8:58am
You're obviously talking ATH down. Either you are short or wanting to buy shares. Oil is very bullish at this point with supply increasingly constrained and driving season just around the corner. ATH will continue to mint $$$.
Comment by
Lukespapa on Mar 16, 2021 9:46am
Exactly. Economies are opening up, vaccines rolling out globally, trans mountain well underway, and the OPEC's most influential member who owns the worlds largest oil company/conglomerate wants $80 oil to support its economy. They played the $30/barel game already. Its also reported that it will be mid 2022 before global reserves are back to pre pandemic levels.
Comment by
cahclick on Mar 16, 2021 9:52am
If you truly believe what you posted then ATH is not for you and you should move on. Happy Hunting glta
Comment by
senseimike on Mar 16, 2021 10:08am
Well guelph...guess that just means you get to sit on the sidelines and watch this go. If oil stays even at these prices, ATH will earn enough cash to put their debt in the rear view mirror. Just like you. Wanna bet oil stays high enough this year to improve the cash flow from 2020 by 250M ?
Comment by
ZeroIzzue on Mar 16, 2021 10:23am
Let's remind ourselves that we didn't expect WTI to reach 60$ until end of 2021. Now the average price for WTI for the remaining 2021 is 65$, basically this wipes out any doubts or financial uncertainty for Ath or any other firms in the Canadian oil sand sector. All fundamentals are pointing to oil being bullish even taking into account of Iran and Lybia coming back online.
Comment by
Chris007 on Mar 16, 2021 11:02am
The average price of WTI for the remaining 2021 is not $65... That being said, prices for the remainder of the year are above $60, atleast for now. https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_globex.html