Next Six Months For ATH 1. Warrants Gone From Balance Sheet -- ATH is a re-capitalized firm. It is now what it is...
2. Shares Outstanding continue to be reduced from buybacks. A continued driver for share price appreciation.
3. Cash on hand grows with a more consistent WTI/WCS Differential -- Need 3 Months for this to happen. As soon as LINE FILL on TMX Starts the price will correct upward.
4. Debt reduced periodically as per cash balances. They will need to do something with the cash.
5. Expansion of main asset to 28,250 BPD per day by July 2024 -- The new 8,250 is highly cash generative as new installation. (4K this year and 4K next year and it produces more than the plan)
6. JV Announced for Corner Assets -- Probable -- Outside of existing operations
7. Some expansion with Murphy Petroleum as stated -- Cash in and Cash Out on those assets
8. 2024 Production/Sales closer to 36K-38K BPD
Share Price Target -- October 18, 2023 -- $4.72 CAD (real value today is 4.60 as stated)
Share Price Target -- November 8, 2023 -- $5.15 CAD (After Earnings Release)
Share Price Target -- December 15, 2023 -- 5.55 CAD (ALL METRICS MET for 2023)
Share Price Target -- July 1, 2024 -- $6.95 CAD -- based on $12 Dollar WCS Differential
*** NO FIRM IN THE SECTOR THAT ONLY REQUIRES 6.5 DAYS of SALES TO PAY THEIR INTEREST EXPENSE FOR THE ENTIRE PRODUCTION YEAR!!!! I REPEAT NO FIRM!!!