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Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the... see more

TSX:ATH - Post Discussion

Athabasca Oil Corp > And Stifel
View:
Post by retiredcf on Mar 04, 2024 10:21am

And Stifel

Stifel raised their Athabasca Oil target to $5.75 from $5 with a “buy” rating. The average is $5.61.

Comment by uwebb429 on Mar 04, 2024 12:43pm
Stifel FirstEnergy on Monday reiterated its buy rating on the shares of Athabasca Oi while raising its price target to C$5.75 from C$5.00 after the Western Canadian oil producer reported fourth-quarter results.   "Our estimates are little changed following ATH's 4Q results. At strip prices ATH can fund repurchasing another ~10% of its shares in 2024 without eroding its net cash ...more  
Comment by ToyInvest on Mar 10, 2024 11:03am
For the past year, ATH has  lown past all the Analysts repeated set tarrgets.  Their targets never last more than a a couple months.  When will an analyst make a legit 1 year target?  All these targets are far too conservative based on all the factors.
Comment by CJInvestor on Mar 10, 2024 6:03pm
I agree wholeheartedly. It's absolutely absurd to say 5.85 one year from now when we are at 5.20-5.30 at 77 WTI and on the cusp of great things with FCF. These analsysts should not be let near the stock market. They know less than my 7 year old who could point to a target at guess better than them. 
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