Athabasca Oil Corp T.ATH

Athabasca hit higher highs with lower oil prices

[BizarroJerry1]

Athabasca hit $2.05 in December 2016 when oil was $54. It hit $1.90 a year and a half later when oil was priced the same as it is today. So why shouldn't this have a lot of room left to run?

[Chris007]

Just about every oil stock hit higher highs in 2016...so that's not saying very much  the real question is, will those investors sitting on the sidelines ever come back in force, or has the investment landscape in regard to this sector, forever changed with this new emphasis on ESG almost every energy stock that survived this long is leaner and more efficient than it was pre-2014

[Nothingmatters]

If you look at the fair value then Ath and Bte are the most undervalued. And whether the generalist will come back, the jury is still out on that...

[Chris007]

Should add OBE to the list. It's had a big run lately but is still plenty cheap. Cash flow at $65 WTI in 2022 is expected to be $254M $254M x 4 = $1,016,000,000 $1,016,000,000 - $303,000,000 (2022 net debt) = $713,000,000 $713M/74.9M shares oustanding = $9.52/share OBE is currently trading at $4.45/share

[Nothingmatters]

Picked up a few shares of OBE, sgy and gxe....thanks man.