RE:A few things to consider...Mas, your point 3 really stood out to me when I read that press release.
From ceo. I'm loving the big headline numbers. 900 million in FREE cashflow over next 3 years. That’s $1.70 per share. And they will still have multi decades of reserves and billions in tax credits. Those are tough fundamentals to beat and. VERY uncharacteristic of them to release a press release of this nature. It’s so outside the typical dry quarterly results. It uses very optimistic $85 WTI. It smells to me like the VERY strong odor of an unwelcome bid coming. Just a guess. .masfortuna wrote: #1 Nuttal DID NOT SELL last Friday just before he was on BNN. After we hit that $1.56 year high we dropped about 20% and traded in a range. That's when he sold. When he said he sold on Friday, many followed and sold. Anybody think that he started rebuying after it dropped to $1.18??? YUP!
#2 To the poster who declared hedges off end of 2023: Last hedge gone in 10 months and NOT END OF 2023. I hope it was a mistake/typo and that you were not intentionally trying to mislead individuals.
#3 Finally ATH is notorious for not releasing any info/prs. Yet they release a proxy q4 and mention the tax credits a number of times in the release. Assuming you know that banks won't lend you cash to drill more wells, would you not think that taking out ATH at these levels would make sense instead? If they paid $5, the tax credit pays for the company. You basically get it for free. So I am in the "YES" camp for a possible takeover in the near future.
#4 In the last 2 weeks I have been adding to my position after selling OBE (125% increase in 4 weeks!!!) and that drop last Friday gave me the opportunity to triple my share count. It was a good day ;)