RE:May have to unloadHigh cost high growth sums it up for ATH.
$25 WTI/WCS spread, plus additional discount associated with TAN, high SOR for it's thermal oil operations. It's heavy oil part is not profitable yet after all this discount. On the plus side, this company has the one of the biggest leverage on oil price given its cost and reserve profile. At this price, the light oil operation of ATH will generate majority of the free cash flow, and its massive aquisition from Stat Oil is not accretive yet, thus not priced in the stock. You have to be patient with this stock, but you may end up missing the run up of companies with lower cost profiles. I am happy holding it for 2 years at least to have this late bloomer play out fully.