RE:Why doesn't Rob Broen ever add shares?
I think the current market is more focused on what management does with the flood of fcf.
Directors buying stock is probably #55 on my list of important criteria but to each his own. Bringing up the refi just confirms you are negative on this stock. Getting the refi done allowed ATH to move on and they have.
ATH has performed incredibly well since beginning of last year and is up about 20X - definitely as well or better than peers.
I personally feel there are two more doubles left in ATH if WTI stays anywhere near its current value.
$WTI saved many oil producers from going belly up but that's history now. Producers are able to pay down great wads of debt with current oil prices and interest charges will soon be an insignificant line item.
The various producers have announced they will use their fcf for various combinations of paying debt, share buybacks, dividends, expanding production etc. We can be armchair quarterbacks this time next year and rate which company performed best.
I was fortunate enough to get into ATH in January of last year so I'm just biding my time.
Coming on this board and poking ATH shareholders with a sharp stick is unlikely to produce the results you say you are looking for but good luck.
All jmo
glta
EstevanOutsider wrote: Have been following this pos since 2017 and can only note two buys: the CFO's small purchase after promo and the new director John Festival. Nothing from anybody else. It makes sense to me because I have a neg view of the company but just wondering why you boys excuse such a poor management team???
They've been mocking shareholders since the midstream sale. Baited in retail investors telling them a buyback was coming only to almost default on the maturity. Now paying terrible debt without a credit facility. Tough to see shareholder value here but I would love to see some thoughts.
Cheers