Post by
Sugaree on Jun 22, 2023 5:57pm
Buybacks
Sure, none of us like this pullback, but ATH is in the best position of all O&G companies right now with 75%+ FCF going into buybacks. Plus, lots of cash on hand to keep buying when WTI dips. Many others are still dealing with a lot of FCF on debt and can't take advantage.
Comment by
TheWokeLemming on Jun 22, 2023 7:05pm
Let's hope they remove the full 10% of shares under the NCIB and then fire up another one.
Comment by
Sugaree on Jun 22, 2023 8:30pm
My bet will be they go with an SIB next time around. Oil will be much higher and then they can buy back way more than just 10%.