RE: AnterraThe wild price swings have little to do with operations, especially when the price can fall 8 cents with a share sale of 1,000 shares. ATR has been progressing nicely over the last two years, but unfortunately, with smaller companies, there is often little to report in a span of a few weeks. For an example of that, check out PF, as they seem to have all but abandoned investors.
Anyhow, ATR did meet production targets last quarter and saw a decrease in earnings entirely due to poor midstream margins, which have proven to be a little volatile, but I don't imagine they will remain in the 20% area. I believe the MD&A was pretty clear that investors would be informed of the third facility during the summer months. Although I would like to hear more, I think I can wait for a month and a half for production numbers. I don't think ATR should be spending money on press releases every time they get an extra 10 barrels of production.
Overall, the price has not been entirely reflective of investor setiment largely due to the small float. The 35 cents was a run-up and I am sure we will see prices like that again shortly, but two things need to happen. For one, if they can EUB approval, with the delays not much of ATR's fault, re-affirm earnings, which should be possible barring upgrades, shut-downs, etc., and good news about a third facility. As a mattter of fact, if that does happen, I don't see why we wouldn't see 45 cents. Just one man's opinion.