Post by
MLEWICKIMBA on Jun 15, 2023 6:54am
$57.00 WCS + $17.50 USD Differential = $74.50 + CAD premium
of 4% over forcast means equivalent of $77.50 WTI which is $7.50 USD off their taget for cash flow and free cash flow over the 2023-2025 period.
So it is not that bad at this level for ATH.
Get the production back online and 39,000 BPD in late Q3 and Q4 and that will make up for the gap.
Stock undervalued based on momentum and balance sheet today.
Have a good rest of June.
ML
Comment by
MLEWICKIMBA on Jun 15, 2023 3:01pm
ATH model of 1.1BLN cash flow over 3 years is as follows: $85WTI - $17 50 WCS Differential = $67.50 USD for WCS and based on a 1.30 USD/CAD exchange rate and not 1.34. So we are not far off at $60.00 WCS.