Athabasca Oil Corp T.ATH

Today’s trading action

[cahclick]

Judging from the 12 oilies I follow, the market doesn't believe today's oil price is up 2.5%

Seems the market is expecting a rerun of yesterday.
Start off high and tank in a few hours.

In the mean time ATH is cranking out the fcf


go ATH go

[matt2018]

other issue for todays price action on oilies is the mainstream markets are down (I guess they didnt like the CPI number) and that makes it even harder to get buyers into anything.

[Jimmy1page]

Recessionary fears in 3.2.1

[cahclick]

  Just like clockwork. Down oil goes from being up over 3% to now below 1% within a couple hours. Hard to rely on due diligence when my dartboard has higher reliability. If it weren't so rigged it could at least bring a smirk to your face. Meanwhile ATH keeps killing it with fcf go ATH go

[matt2018]

exactly right...... its never been easy for energy and it is becoming an even more difficult business to navigate through when you have a heavy debt load. It does not matter if you are doing all the right things when the oil price is working against you. High debt is a killer in this business. One of ATH strengths has been the same managemnt team in place that has gone through the cycles and

[cahclick]

  Agreed. I hope ATH management maintains the 100% fcf return to shareholders model. The shackles will come off at some point when oil settles down. As an aside, I was heavily invested in CPG for about 3 years and sold out at $3.85 in Jan 2021. I took all proceeds and redirected to ATH. CPG is a case study of an oily that continues to pile on the debt and never gets it's head