Athabasca Oil Corp T.ATH

4 60 in two weeks ---- 5.50 in 8 weeks

[MLEWICKIMBA]

Good luck.

[JrOGInvestor]

I like your outlook but a lot of things would need to align before they get close to Baytex SP which has nearly 90K bbl/day boe vs ATH upper projection of 36K bbl/day GLTA.

[cre8value4me]

Ath needs to offer a little more specifics on the usage of the other 25% FCF, its not a bank so no need to act like one by building a savings account.......... like seriously I hope they announce a special divi at the least when they report 3rd quarter results if not even a variable! JMHO

[MLEWICKIMBA]

Disagree 1. No dividend will be paid on ATH in 2024 or longer.  They are only interested in capital appreciation. 2. ZERO DEBT TODAY AS CASH ON HAND CAN FULLY REDEEM OUTSTANDING DEBT. BTE NO. 3. Costs declining on ATH production. Better margins. 4. Huge cash flow Q3 and Q4 You mention BTE -- it will be an 8 to 9 dollar stock after they report Q3.  BTE still has considerable debt

[cre8value4me]

I agree I am not of the opinion that they will initiate a dividend, I believe however it would provide a catalyst for a earlier rerate. My comments are for exchange of dialogue on a common front. What would board members here see as a effective use of the free cash flow? GLTA & as always JMHO

[MLEWICKIMBA]

I expect a debt payment in October of a least $25M USD but naybe more. I expect full execution of remaining $68M CAD share buyback target which was revised to 140M from 150M. Remember nothing wrong with taking a bit of a breather.  After all right now $29 USD per barrel of WCS margin over break even price of $43 USD. 1.4M CAD everyday in cash flow right now. 9.8M CAD each week. The share

[matt2018]

So they are going to buyback $68M of shares Q4 when they only bought back $19M in Q3? Don't see it that way.  Why would you pause it or "taking a breather", when you are swimming in cash? Price of oil going higher, your stock price heading higher as well. So you can buy less shares for more cash?  Does not add up.

[MLEWICKIMBA]

68M CAD dollars brother 

[cre8value4me]

I will say that if you do a YTD Chart overlay with pretty much any other Canadian E&P's Ath has charted the best or completley equal to any other so then theres that. Personally I would just like  mangement to be more informative with the 25% that is not being clarified.

[JrOGInvestor]

Agree to disagree about dividends- at some point it'll be the last thing left or take the company private. I figure four to five years. Will the humans use less oil after the 'projected' peak demand of 2030? For cars, yes, for everything else? Not likely as significantly. Oil will be used for the rest of my life and as long as there is a cartel to control the price - 70 dollar oil for

[Jimmy1page]

These guys keep a lot under their hats and fly under the radar. I spend a lot of time talking myself off the ledge and not chewing my finger nails. The sale did nothing as I expected but they got more money in the kitty. Doesn't look like they intend to show their cards so it's faith time. Lol