Valuations toally out-of-whack....For guys like Athabasca, when compared to others. ATH now tading at almost $70k!!!!! boe per flowing barrel, which is bat S crazy for a junior heavy oiler like them. If valaue investing is your thing, you're actually better off investing in someone like Suncor, where valuations are more reasonable and you can pick up a nice divvy too boot. If you guys are absolutely adamant to invest in the heavy oil/Oil sands type of producers. So unless there's a VALID reason why it should be trading here, best to unload at these prices if you're a trader. Way Way over bought. Athabasca should be trading in the $2 - $2.50 range not anywhere close to above $3 Canuck bucks.
My rec'd .......sell ATH (as an equity raise is quite likely at these levels) at these crazy overbought & manipulated prices and buy something which is deeply discounted like Kelt which should 30% higher thab it should or the recently ipo'd HammerHead which should be closer to $20 than where it is OR for you divvy fanatiks......something like a Cardinal Energy, which not only should be 50% than where it's currently trading, it has a 10% divvy to boot!!!!
ATH at these levesl DOES NOT MAKE sense, and the only logical action would be to off load it for something better priced.
GLTA