Post by
justmymoney on Sep 23, 2022 10:35am
I'm sooo screwed for holding on
ATH will never hit $2.40 again! unless oil somehow magically hits $95 Monday. My fat ugly pig wife would shoot me if she found out what I'm down and I would have to sleep with one eye open. I'm clinically depressed today and the worst part is that I have the weekend of no hope for recovery and its hard
Comment by
BigJake on Sep 23, 2022 11:22am
If it's hard show it to your wife she might like that it could be a bonding moment
Comment by
riski on Sep 23, 2022 11:46am
I don't know how low this downdraft is going to take oil, but I am confident it won't stay there for too long. ATH is a riskier bet because their ops are expensive and they need $65 just to tread water. If the price of oil approaches the low 70s, expect this name to get hit the hardest as energy investors flee to safer names with lower operating costs.
Comment by
MLEWICKIMBA on Sep 23, 2022 12:29pm
Old Ath - New Ath Not so much! Interest costs much lower now and soon 2.5 to 3% of revenue. If your devt is only 175M next year x 9.875% its less than 25M CAD to service. It used to 60M. Also now higher output and leaner.
Comment by
riski on Sep 23, 2022 12:53pm
Yes all good points. Definitely leaner than before, but still high cost by nature of their operations. Below $70, this will sell hard. Let's hope it doesn't come to that...unless an investor wants to buy more, then they might be hoping for that.
Comment by
MLEWICKIMBA on Sep 23, 2022 12:25pm
Im going to block you - dont invest if you have no time horizon.