Post by
Rational43 on Oct 22, 2021 11:36am
Market not recognizing cost reductions in ATH
Management has done a very good job at reducing costs in ATH over the past four years.
Op costs per barrel, SGA per barrel have gotten really lean, part of the benefits of a soul crushing plunge in prices and liquidity.
Once you run that lean for a while, and see that you can, its usually easier to stay lean.
This company is trading about 1 x '22 EBITDA, and about 2 x '22 Free Cash Flow.
It could have zero net debt by the end of '22.
Payback on its light oil assets is in months at these prices, so CAPEX spent early in the year will actually INCREASE FCF in the same year!
We're up 12-0, in the Bottom of the Ninth, with Two outs on the other team, our pitcher is up 0-2 in the count...and the market is still pricing us to lose.
Its a good bet!
Comment by
Maxmoe on Oct 22, 2021 11:41am
Shorts and penny flippers just got beaned in the head and are walking in a daze back to the dugout.
Comment by
bosstrade on Oct 22, 2021 11:50am
I don't know why but I found that hilarious. Also just bought a tiny bit more. Cant help myself. Easy money.
Comment by
fellowship on Oct 22, 2021 12:18pm
Someone must have seen the 1.08 orders ...that was a friend of mine he forgot to remove them. he wanted to spend 30K on that order. What a good catch, lol Guys if you are here for a quick flip you need to revaluate your thesis. My AVG is .50 not taken any money from the table and could not care less. I am here for long haul, I actually welcome this becoming a 80,000 bbld producer.
Comment by
bosstrade on Oct 22, 2021 1:27pm
I hope you can run!! Because like in gump, you must be one of the stupidest son of a botches alive!!!! I mean that in a nice way. https://www.youtube.com/watch?v=noFtAxOStyE
Comment by
Nothingmatters on Oct 22, 2021 1:38pm
No son of a gun. I will flip it after it reaches my target...
Comment by
Nothingmatters on Oct 22, 2021 1:40pm
Right now i am fully fastened on this rocket...
Comment by
Nothingmatters on Oct 22, 2021 2:25pm
My target is $2 by feb 2022..
Comment by
fellowship on Oct 22, 2021 2:32pm
Nice target, you realize oil price is or will determine how this will go... All these companies are currently valued at 65 oil.
Comment by
fellowship on Oct 22, 2021 2:50pm
Max, it is amusing to see this after completed refinancing, I remember back when someone was playing with the shares to buy a BigMac...really shows the adverse reaction. The market is not real - setting targets and waiting for these are nice but it will not help you on long run.
Comment by
mlcb12345678910 on Oct 22, 2021 6:55pm
Ditto for you chum, I do not care about your rantings... now go and have a drink and settle down. I have held on ATH for years and purchased an additionals 100K of shares in July, 2020. My only problem with this company is the management and keyboard warriors like you.......
Comment by
Renofund on Oct 22, 2021 3:21pm
telling of what? Name has rising from .94 to 1.14ish in 2 weeks! I'll take it! Name is consolidating a bit here, which IMO is very healthy. Cools down the RSI a little, MACD is still intact and we create a new support level. I am perfectly fine with this, and folks in it for longer than a couple hours should be as well