Athabasca Oil Corp T.ATH

Quick Question for those that follow ATH and GXE

[JrOGInvestor]

Why is GXE (approx 6,000 BOE/day) trading at almost 1.00 where ATH (approx 32,000 BOE/day which is roughly 5 times more) only at 1.34. ???

[Rational43]

LOL, you have to look at Share Count.  Then you have to see how much Production per share each has.  ATH has more shares outstanding.   Then to evaluate companies properly, you have to look at how much Cash flow per share (FFO) each will generate, then how much they have to re-invest to keep production flat in their Investor Presentations. The other thing to check out is debt

[ComradeKomissar]

Plus GXE is off radar. Nobody knows about it. It is a great little company. But you will only see performance when they get their debt down to $0, and they start returning capital back to you. This will not happen until June.

[cahclick]

  That sounds more like a hot tip than a question. What you're suggesting is that if all cats have tails and all dogs have tails then all cats are dogs. Good luck junior jmo  

[JrOGInvestor]

Thanks for the advice! I did have a look at outstanding shares/market cap but my 'quick and dirty' math still didn't quite get to the 5X difference, frankly i hate drilling (pun intended) down to far into financials. Also I have both cats and dogs. Not a tip just trying to figure out the obscure valuation at 80 dollar oil.

[Rational43]

For what its worth, my detailed calculations show ATH is cheaper on the metrics I follow than GXE.   GXE is exciting because its debt free status will happen, than hopefully they buy back shares like a maniac, at which point they will be able to improve their PER SHARE metrics substantially.   GXE is also about 5,800 Barrels a day, vs ATH around 32,000 barrels a day, so ATH

[BackinBlack2022]

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[Rational43]

I don't own GXE, but I do own IPO {Not enough obviously...wow} Was lucky enough to pick up a decent amount three days ago in IPO after reading about them, timing could not have been better.  

[BackinBlack2022]

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