Athabasca Oil Corp T.ATH

Happy for Athabasca holders but...

[Hendrick3]

The stock had not seen 30 cents in almost a year and celebrates by closing at.365. That makes it an almost $200 million market cap company which is well over double BNE, OBE and other cash flow positive companies and just under half of BTE. Unless there is a deal coming, I presume it will start back down in the next couple of days. These guys were cash negative for most of 2020 and very negative free cash flow. I exited today at .36 and I am astonished it has done so well. Just don't forget to take some profits if you are up on this name. There are still some other beaten down names that are waiting for their day in the sunshine. GLTA

[ibribr2]

good for you. Obviously you dont know math and cant calculate the free cash flow generation at todays prices

[Kika2016]

At current WCS price the Market Cap should be more like 400M with the FCF it would be generating at these prices. Also, there is a high probability that ATH will monetize either Montley/Duvernay play. That will generate massive Cash Position.  The other factor is renewal of corporate bonds. If WTI remains in the 53-60 rance for few months, ATH should be able to renew the corporate bonds for

[2020oilgamble]

This post has been removed in accordance with Community Policy

[senseimike]

Oilgamble...and i thought i was optimistic ! Will definitely be along for the ride.

[2020oilgamble]

This post has been removed in accordance with Community Policy

[goldman777]

YES, now this guy gets it. I also booked profits today, never a bad idea to cash in your chips on a near double. Will it keep going - maybe, but nothing goes straight up, nothing. Return to the mean puts it at 25 cents in a real hurry, I will wait for re-entry once the heat fades. It might have legs yet but it`s been a goiod week and Friday`s are usually sell days. GLTA - we will see in the

[Backinblack1000]

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[goldman777]

yes sir - interesting indeed ! These are the chances we take. The ATH chart back in June 2020 looks a lot like the BTE chart at the same time - I think maybe now the fundamentals are better but still am looking for a retracement - too far too fast. Some will win - Some will lose There are other names in the sector that are lagging behind ATH right now so the picking may be fruitful elsewhere

[Oil2018]

Ath never moved for the longest time. This could run to 1.50 np if oil gets in the 70$ range

[Maxmoe]

If your next post is hey man, I love you guys then we will all know for sure you're drunkposting.  

[goldman777]

Not I, just sharing my thoughts on a bull board Been around the block more than once Biggest winner in my career was AAA.T

[Maxmoe]

My winner was AA. About 10 years ago. :-)

[goldman777]

was that Allana Potash

[Maxmoe]

No, I used to drink quit 10 years this July 1.

[Maxmoe]

Both have a little better than tripled. Close enough to say equal in my portfolio. It's such a raging bull market right now the turkeys are flying. The laggards are just plain fugly. I own one. Sgy only doubled or so . When I think of selling a hot stock I go lay down until the feeling goes away. Eventually the whole market scares me and I sell everything. 50% plus cash. I can see that