REX-ATHRex, ATH's share price currentky of 2.82 kinda shows retail investors must expect 80 buck oil again as ATH finanical numbers are not good at 65 dollar oil. Their thermal side only had a 20 dollar netback in Q4. Their high volume but also high operating cost...great mix at 80 but not good mix at 65 oil.
And they have let their high netback light oil decline alot year over year.
Way less downside in YGR at 1.75 than ATH at 2.80. YGR is already priced in for low oil prices but ATH has not. A q of 65 or lower WTI would really hammer ATH cashflow and share price.
And if some event causes oil to be 80 again...YGR for sure goes to 2.50 plus.
ATH has to prove to market is is viable at low oil prices as prior to 2022 it was really struggling in a lower oil price enviro.