RE:OkThis name is now a longer term investment with alot more upside on the horizon than previously.
As per the Qtr report, the company has put some of its cash pile into Duvernay.
Presently, production is appr 2k bbl/day.
If they get that production up to 6k bbl/day in 2025 like they project, then some serious cash is going to come in from that venture (70% ATH owned) and future growth will be funded with cash flow.
On the ATH side, they are also investing in the thermal assets to increase production there, while they are still buying back a fair chunk of the shares.
The nice part about all this?
They dont need to go borrow any money to do all this.