Athabasca Oil Corp T.ATH

Nuttal on market call tomorrow

[slingshot14]

Maybe Eric will be asked about Athabaska on market call tomorrow?

[uwebb429]

Not much to say. Ninepoint Partners has been unloading shares since the beginning of the year. I think they sold 11 million shares in January and another 20 million in February. Eric must think that ATH is fully valued and they can find a greater rate of return by investing elsewhere. This one company has made his followers rich so not surprised to see him cash in and book a big profit for the

[riski]

It's just math and finance guys are fluent with numbers. Why continue to own a company that is generating 7% FCF yield when there are other companies available that are generating more than 3x that FCF. The valuation of ATH would suggest that the more undervalued companies should be three baggers.  ATH is a great company with great assets and a pristine balance sheet...and fully valued

[Ogre03]

well nine point has made a hefty profit.  Ath will not be paying a div any time soon so near as I reckon it makes sense for a large fund to move off if sp looks to only go up a buck or two compared to others that could still double

[matt2018]

"Follow the money" certainly no guarantee for success, no matter who is making those picks. Two of the Top 4 holdings on the current list shown (BTE, TVE), have pretty dismal one year returns. Fact is, it actually has not been that difficult to make money investing in energy producers past few years. Even if you just picked the top 4 large cap energy stocks on the TSX, they are all at

[Maxmoe]

It's shocking somewhere somebody is so inept at simple math and/or believes others are so easily duped by inept math. And yet ....here you are.