Post by
MLEWICKIMBA on Jan 26, 2024 9:03am
Momentum Starts Soon -- 6 buck share in 6M
1. Historically the best time to own energy stocks is February to July.
2. ATH will end current NCIB in two months. Should be 90% bought back.
3. ATH will renew NCIB which will get them back to 531M shares by EOY 2024. That is where they were when they refinanced. That should send the shares to 7 or 8 bucks.
4. Capex at LEISMER brings production to 28.25k bpd and this brings cost down by 5 bucks cad bpd. July 2024.
Expect 100m USD debt position in 6M.
Expect cash build to drive 2024 buybacks.
ML
Comment by
CJInvestor on Jan 26, 2024 9:54am
Welcome back ML! I agree with your 6 buck prediction. Great analysis as usual.
Comment by
MLEWICKIMBA on Jan 26, 2024 10:46am
Thank you, CJInvestor, I'm still around but busy the last two months unfortunately. I'm holding ATH and TVE as majority holdings. These stocks are the cleanest I feel. ATH is an ATM Machine and TVE catching up.
Comment by
CJInvestor on Jan 26, 2024 10:53am
Very true. Can we all just pause for second and celebrate the return of 75-80 oil!? And it's only January. Bullish for the spring for sure.
Comment by
MLEWICKIMBA on Jan 26, 2024 11:08am
Yes very good to see these prices on January 26th,, 2024. Hopefully we get 5 bucks more in February and the TMX PIPELINE LINE FILL rallies the WCS Differential to $12 USD. Imagine a $68 to $70 WCS in February.