Post by
MLEWICKIMBA on May 04, 2023 1:51pm
Why ATH is ATH
1. Not comprehensible 20 months ago that they would be rebuking there own shares.
2. Majority of ATH piers don't have 20% of sales in cash in the bank.
3. Ultra low cost debt servicing expense at about 2% of sales.
4. For a billion plus in sales not many employees.
5. They can turn up the output almost on a dime.
Other.
They are not complex like MEG and Cenovus.
MEG and Cenovus haven't achieved all of their financial targets.
Good luck. We will see in 6 days.
Comment by
Jimmy1page on May 04, 2023 4:38pm
Not to mention both ConocoPhillips and Husky were carrying huge debt loads when acquired by Cenovus.
Comment by
MLEWICKIMBA on May 04, 2023 4:55pm
Absolutely Jimmy. ATH debt not due til Q4 2026. They can focus on shareholders for 42 Months!
Comment by
TheWokeLemming on May 05, 2023 7:50am
Good post. Don't forget all the reserves! There's no need to plunge back into debt with an acquisition aka BTE/TVE. Conversely this makes ATH a probable buyout candidate.