Athabasca Oil Corp T.ATH

Help me understand buybacks

[CJInvestor]

Aren't buybacks supposed to reduce volatility in a stock? Ath is down more than most of its peers in the last couple of months yet had an agresssive buyback program in place and almost no debt. If shareholders are not seeing any benefit of this program aren't dividends better and more tangible for return to us? What do others think of this strategy and why things are going so wrong for Ath of late?

[woodsmen]

You can Thank Eric Nutsy and Joe Biden. 

[cahclick]

  Just my opinion BUT . . . ALL of ATH's buyback efforts to date have been (largely hidden because they have been) directed towards buying and cancelling the shares created through the warrants attached to the refinancing deal in 2021. They are only 3-4 months away from getting the last of those shares bought and cancelled. Those warrants were an ugly ugly part of the refinancing

[woodsmen]

You can do all the Buybacks you want and or Huck out a juicy dividend, it simply doesn't matter, as you can see.  But 2 things have happened and 1 continues to happen.     1)  Eric sold and that hurt the stock price imediately which will pass.... 2) Joe Biden continues to do eveything in his power to derail Oil and Fuel Prices. So do all the buy backs you want but

[Hoover69]

Woody clearly has a case of BDS - Biden Derangement Syndrome.  

[woodsmen]

Ha Ha.  No call it what you want it's just facts!!!   

[BlackjackBenny]

Of course Biden is going to do anything in his power to keep gas prices down until after the election He wants to be re-elected. Now let me think, when Trump the clown was president oil went to zero ,athabasca was trading for ten cents and was without a pulse. I just laugh at all the gasbags on here with no memory.

[woodsmen]

What Rock Pile did you just crawl out of?   Spare me the 10 cents talk from the lows of Covid and all the BS that went with Covid.  Thanks for the laugh!!

[Jimmy1page]

Hello, covid. 

[uwebb429]

ATH had a major investor jump ship this year, the price of oil has been trending down for the last 2 months during shoulder season and ATH is still up 18% year to date. ATH is also up 65% during the last 12 months. If that is your definition of "things going so wrong" then you need to find another hobby. Maybe head to the casino to get that adrenalin rush that you crave.  ATH has