RE:RE:RE:RE:RE:Estevan ---- Any apologies?Thats quite harsh assesment of management Estevan.
Statoil/Equinor must be very pleased with ATH management to maintain their 20% investment since the sale.
They could have sold those shares for a tidy profit at $1.50+ but hung on.
They know more about the potential of those assets than anybody.
ATH has already got back $265M cash through the asset sale of the $432M cash component they paid for the whole thing (a $1B to $2B investment at cost).
ATH was one company leading the charge for the oil curtaillments.
The recent pipeline signings are going to make a real diff starting mid 2020.
I believe they have their finger on the pulse and are spending within their means.
Interest rate on the notes are high but they are not investment grade risk.
If this stubborn differential would tighten up they could really implement their plan.
Until such time, they need to be prudent with their cash.
They have never wavered from that.