Athabasca Oil Corp T.ATH

New Plan for 2024 ?

[cahclick]

Ebb and his sister Flo are at it again :)

Remind me again how much FCF is making daily at current WCS. 

Since ATH effectively has no debt and is currently using 75% of FCF to support the NCIB and that doesn't seem to be moving the needle on SP - Thankyou shorts. . .

maybe ATH should start returning FCF to shareholders via dividends ? That would reward shareholders and also encourage shorts to buzz off as shorts would have to pay the dividend for the shares they've shorted. Just a thought.

This last couple months of rinse and repeat has been less than exciting BUT I still don't see anywhere else that has the torque and upside of ATH.

JMO

glta longs

[vwbusman]

Its seems the share buyback mantra by Nuttall may not be having the impact that it was supposed to.   Often the buybacks are cancelled out by the issuance of new shares and in Ath's case warrants from its compensation program.  While the share count is still net down for the year I think the dividend angle is worth pursuing in 2024.  As the buyback tax  kicks in

[OGInvest0r]

Every single dividend paying oil stock I follow is doing worse than ATH YTD. The dividend payers who are not buying back at all like CJ are doing the worst. So it's not the holy grail in oil investing IMO. Meg and Ath are leaders with no dividend. So I say stay the course and keep reducing that float. Then EPS rises and rerating invariably follows.  

[cre8value4me]

I certainly agree with that approach as well I think personally I am going to concentrate more of my capital towards dividend players. People must bear in mind that Eric Nuttal has to have a diffferent approach, also he has 2 funds to appeal to all types of investors and cover more possibilities. I have never really felt we were getting much benefit from the buybacks I believe in money in my

[Maxmoe]

I think you should just sell into the buyback. We don't need your shares anymore. The warrants are from the debt refinancing by the way, not comp.