RE:Q3 Report Runway, then we fly, again. I noticed shorts had huge cover last half of October. Close to 2 million covered. That might explain the basher activity pick up. They are running scared.
cahclick wrote:
I was re-reading the report last night and had missed this on first read. . .
"Strategic Outlook
Managing for Strong Free Cash Flow: Athabasca intends to maximize free cash flow while maintaining its production base. The Company forecasts >$600 million in Free Cash Flow (US$70 WTI & US$12.50 WCS differentials) during the 3year timeframe of 2022 – 2024."
Over $600 million in FCF for 2022 - 2024. That's about a $buck ten per share. Even a very conservative multiple applied to a $buck ten suggests a share price several times what we're at know.
Of course oil has to stay at or above US$70 but am I missing something ?
Seems like lots of runway to me.
jmo
glta