Athabasca Oil Corp T.ATH

eric nuttle

[khyber2]

Does anyone know, if Eric still owns shares of ath, like the 50 million, he always talked about? Thanks , the Khyber

[Maxmoe]

Yes and anytime you want to ask, check his website. Or try twitter. He never gets tired of tweeting about "hey remember that time I bought 50 million shares of ATH from those schmucks from equinor?" For 18 cents? And now I'm up 16X my investment? I know I never get tired talking about how I paid 11 cents and still own it. Oh that kid Eric, always overpaying.

[cgyinv]

He increased ATH in May, check it out yourself https://twitter.com/emmpeethree1/status/1666811053668450314

[Maxmoe]

I don't do twitter so can't see your link. Did he actually buy shares or did the % held go up? If it's the latter, it could raise from say 8.5% to 8.6% without any share purchase if ATH outperforms the portfolio. 

[Dibah420]

Share Change:    + 14.89%            Portfolio Weight:   8.80%

[Dibah420]

Comparable stats for April 31, 2023 Portfolio Weight:    8.31% Share Change:      (minus)  15.32%

[Maxmoe]

Looks like what I was suggesting. The share % change I assume is the % change in the stock price or $ dollar value of the 50 million shares? I can't be sure from what you've posted. The other possibility is plus 15% one month and -15% the next month is net zero meaning there was a reporting error that was corrected. Nothing to do with his holdings either way. The drop to 8.3% portfolio

[Dibah420]

Of course if only they reported the actual NUMBER of shares bought/sold in their portfolio, all this confusion would be obviated.  But they don't.  They report dollar value changes. However you can test your hypothesis by comparing price history for Mar, Apr, May vs the reported Portfolio % Holdings.  You'll find the reverse. March 9.4%     April 8.31% 

[TheWokeLemming]

I suspect he's dumping some of his losers to buy more ATH.  My opinion only. 

[Dibah420]

He has a wide selection there.  His entire TopTen is negative for 1 year returns.  And so are most of us.  But he doesn't have to sell something to buy ATH.  People keep sending him money to invest. And ATH has good liquidity to trade in and out while maintaing a core position.

[Sugaree]

Yes, he bought 8 million more in May, upping his position by 15%. Looks like 54 million shares now. $153,360,000 / $2.84 (May 31 closing price) = 54 million. https://www.morningstar.ca/ca/report/fund/portfolio.aspx?t=0P0000732C

[cgyinv]

So today he lost $8.64m ATH alone? 

[dandu1924]

Only lost on the paper but he bought at very low price like me, so I am still making a lot of money, and Nutall still making a lot of money.  Sorry for you jealous people.

[cgyinv]

I might not get for $0.18, but bought a lot at $0.25, sold last bit weeks ago Don't know how long will take to recover $8.64M, maybe never, also, tomorrow maybe another $8.64M

[lovehockey]

May be never? LOL. Another troll. This thing will be over 3 bucks and below multiple times within the 3 weeks 

[Maxmoe]

Some crazies think if they spread enough FUD it will actually cause the stock price to drop and then they can buy cheap stock. Too funny. FUD posts on S/H won't influence anyone that matters. If it's dropping because of oil headed to 65, it ain't stopping when he buys his piddly shares. Give that guy a tinfoil hat. Same guy sell bte at $9 ? Sure .....  

[cgyinv]

I don't understand why people don't get it, yes you are still making a lot of money, on paper, but the oil price more likely go to $50s then $80s, how much money will make then? 

[lovehockey]

Wrong. Read about SPR. All US producers guaranteed the floor of $67 to $72 per barrel by US government as a promise delivered to them in exchange for constantly increasing production. Read up! How can the price of oil go down to $50 under such conditions?

[cgyinv]

LOL, today you got $67 oil "as a promise", what you got for ath? Time to leave oil stock, move on, even gas is better, for the moment, for example PNE,  

[lovehockey]

LOL, ATH has made me a lot of money over the years and continues doing so. Why would I move on from it?