Suncor shines light on ATH value...Suncors acquisition of TotalEnergies shines a light on ATH holdings as being undervalued when you compare apples to apples and why would a major Oil producer stop after this acquisition they could benefit even greater from expanding even further into Canada Oil Sands which is the world 4th largest Oil reserve and 2023 seems to be the year of acquisitions for Oil Companies and what a better place to invest in Canada and usually when you see majors making big moves it's likely that others will follow so ATH at $3.40 could be gobbled up. I remember when Mcdonald's and Burger King first started to expand into Canada Mcdonald's would spend million$ on researching locations and Burger King would build next door saving research dollars. JMHO but I could see ATH hitting $4 near term because ATH has been the only Oil Play that's been bullish since Jan as ATH grows into the next level. The average Apr SP of ATH is $3.36 so consolidating at this price gives a solid base to springboard off of. As you can see by the chart the moving average remains very bullish with $3.75 next. You can't argue with performance and ATH has been bullishly heading higher and I'm going to run with it and support it.
I've added ATH Technical link which has a $3.96 near-term target and once you open the chart the bottom right has a Technical window scroll down till you see the
" See Forcast" button "Click on it" and high-end targets ATH at $4.50 near-term
ATH 3.34 +2.77% (tradingview.com) 