RE:ATH won't be self-funded for 3 or more yearsshambano1 wrote: ATH won't be self-funded until 3-5 years down the road, medium term and that means the cash to develop all of these great assets will have to come from somewhere?
1-equity
2-debt
3-JV
4-used of available cash and future notes
I realize it's hard to accept that even great assets need captial to develop them and even though ATH does have enough capital for a couple of years, the use of their cash would put company in a weaker position if oil prices don't rcover to at least 75.
so you guys expecting 5-10 dollars next week are dreaming in tech-no-colour but hey just one man's opinion.
the name of the game right now is cash perservation and self-funding assets, and ATH will run out of cash fast if they keep spending big bucks to develop their duvernay assets, and any future expansions of HS1.
by q4 report I think Ath will be back under 2.00.
if they do the right moves, and preserve cash and slow down duvuernay development, and cut costs like crazy in 2015, then those are smart moves and should help them 2-3 years down the road but right now ATH is pure SPEC.
I could be totally off base, but they are not self funded and won't be for years.
DYODD
I totally agree with you. PURE SPEC! Far from established like for example, COS/Syncrude.