Athabasca Oil Corp T.ATH

Hedge Funds Taking Positions Before Oil 🛢 Price Run Up

[MLEWICKIMBA]

1. MAY 10 days away
2. Travel to skyrocket the next 4 months

ATH one of best positioned firms in the sector for 2023 and 2024.  

Predictions:

1. 30M shares redeemed next 12 months

2. Debt paid down to $125M USD -- surprised no announcement for $15M USD Debt Redemption -- still early as date is mid May.

3. 300M CAD cash on hand EOY2023

4. Warrants gone this year

5. August share price -- $4.75

[Maxmoe]

Musk burned a lot of fuel blowing up his rocket. Between ripoff ticket prices, lost bags, cancelled flights,  I'd rather drive than fly anywhere if I have a choice. Tough if you want to go to Europe or Hawaii. Or Newfoundland.  musk wiktionary.org https://en.wiktionary.org › wiki › musk  

[Re1ndeer2]

Optimistic August share price of $4.75.......I like it 

[MLEWICKIMBA]

Desjardin -- 4 25 ATB -' 4.00 My thinking is oil at 90 and ATH PRODUCTION at 37K++ BPD end of Q2 means 4.75. August or latest November with earnings release. Now we know ATH strategy. That level of pricing and being unhedged is a daily spewing ATM for common shareholders. Friday tomorrow.

[13X2413]

Very very optimistic!! Have you had a look at the direction this thing is headed?

[MLEWICKIMBA]

Up -- its headed up. Ath only has $24,000,000 a year in debt interest and can refinance in 42 months if they choose.  No other mid caps are in this condition. They may pay off that $175,000 000 USD in debt before the 2026 maturity. Ath a more simplified producer now and planned capacity increases will drive top line sales keeping their projected cash flow in line for 2023. No taxes due

[Dibah420]

"Ath only has $24,000,000 a year in debt interest and can refinance in 42 months if they choose.  No other mid caps are in this condition. They may pay off that $175,000 000 USD in debt before the 2026 maturity." That's some loose wording subject to interpretation.  But if the $175m USD debt by itself is incurring an interest  of $24m, that annual rate, to put it

[TheWokeLemming]

Why is May 10 important?