WTI went from $76-$74 NOT $46-$44A sell off of ATH at $74 is a joke. Completely being played. Regardless of api or eia today, the world is in an energy crisis now. Not in a year. Making a deal with the devil Iran and lifting sanctions is the only short term solution. In the meantime we have line 3 maybe as early as friday.
ATH management knows they only have until reporting in November until they completely loose all retail investors. Why domi keep holding when other names will do better right now?
If management refinances and they keep their jobs, salaries, share gifts and gravey train for their professionl lives, which is only 5-10 years. If they sell, they would have to make a huge share price to cover the loss of their large salaries/share gifts. Merger means they are the low man on the totem pole, so they mayyyy keep job, increase their shares value but not have the big salaries and share gifts. So you see it is obvious they will refinance at all costs. Even if they have to sell some assets. Their communication is brutal. Sitting on that much cash for a yr, brutal. Will I vote to getbrid of them yes. Should they go yes. Will they go, NOoooo, because the second they refinace theybshare price jumps and everyone leftvstanding is happy for years to cone. Thats why I stay, but will continue to post a ride management behind tgevscenes.