RE:RE:RE:Today’s trading action
matt2018 wrote: exactly right...... its never been easy for energy and it is becoming an even more difficult business to navigate through when you have a heavy debt load.
It does not matter if you are doing all the right things when the oil price is working against you.
High debt is a killer in this business.
One of ATH strengths has been the same managemnt team in place that has gone through the cycles and realize low debt (or even better, NET positive cash) is more favaorable to stock price appreciation than growing production at any cost.
cahclick wrote:
Just like clockwork.
Down oil goes from being up over 3% to now below 1% within a couple hours.
Hard to rely on due diligence when my dartboard has higher reliability.
If it weren't so rigged it could at least bring a smirk to your face.
Meanwhile ATH keeps killing it with fcf
go ATH go
Agreed.
I hope ATH management maintains the 100% fcf return to shareholders model.
The shackles will come off at some point when oil settles down.
As an aside, I was heavily invested in CPG for about 3 years and sold out at $3.85 in Jan 2021. I took all proceeds and redirected to ATH. CPG is a case study of an oily that continues to pile on the debt and never gets it's head above water before burying itself with another acquisition. Since selling out of CPG, it's share price has increased just a little over 2X. In the exact same timeframe, ATH share price has increased a little over 23X.
The market will no longer tolerate the expand-at-any-price mantra. Especially in this time of WTI getting yanked all around.
ATH management has nailed the current market. Debt free and FCF to shareholders.
go ATH go