RE:Nuttall Details I'm having difficulty making sense of his numbers.
He says they could buy 10% of shares at current cashflow. Oil was +/- $67 yesterday as he spoke.
10% of 530,000,000 times $0.73 per share = +/- $39 million but in last line he says fcf at $70 oil = $274 million
I'm not sure of his definition of "current cashflow". . . current $67ish or current hedged but too large of spread between $39 million and $274 million
What am I missing ?
jmo
glta
retiredcf wrote: So everyone can draw their own conclusions. GLTA
https://www.bnnbloomberg.ca/video/eric-nuttall-discusses-athabasca-oil~2211455
BUY
Athabasca Oil Sands Corp
(ATH-T)
May 28, 2021
Could buy up to 10% outstanding shares at current cashflow and pay 4-7% dividend. The issue for them is refinancing their note due February of next year at $450M USD. At $50 oil, they were generating $14M in free cashflow, at $70 it is $274M free cashflow which is 70% free cashflow yield. Remains one of the highest leverage to higher oil prices.
OIL/GAS
Eric Nuttall
Price
$0.740
Owned
Yes