MeanwhileAs long as Ath doesn't reverse course and decide they want to pile on debt to expand operations or make a big splashy acquisition, it'll remain my largest holding. I sold my baytex as soon as they announced their big acquisition and debt load that goes with it. It's not impossible to make an accretive acquisition if they were to increase ownership of the assets in their existing neighborhood like cnq did but the temptation to follow the baytex example must be growing. The Ath assets are so undervalued it's financially difficult to find anything better than continuing to buy their own stock. The greatest risk I continue to see is that same valuation gap makes ATH a beautiful accretive acquisition for anyone else to drop into their business. It's a bit of a blessing that oil sands assets are still not politically popular or Ath would have been snapped up long ago.