RE:RE:RBC
newtonboy wrote: "Beyond this the company has approval at Corner for 40,000 bbl/d, which likely requires outside financing given a build cost in the range of $1B, with a cycle time of roughly four years from FID."- RBC
It amazes me the knowledge of some of these hack analysts pocess and freely comment on regarding schedule, finance and budgets of major construction projects such as Cornerstone. Both TD and RBC have downgraded their ratings at a time when ATH keeps knocking it out of the park. Keep an eye on these two asset firms to see if they increase their ATH holdings in the near future.
I agree. There actions seem suspect.
They list off all the things ATH is doing right then close with a "downgrade".
If oil runs to a 100 bucks, ATH will be lending bucks to the banks. Not vice versa
go ATH go