Athabasca Oil Corp T.ATH

Nuttall Details

[retiredcf]

Second stock in the clip. Spoke to him again yesterday at the Toronto MoneyShow. As previously indicated, rather than "still owns", he "bought back" at a price around $4.75 and it's now a 5% holding in his fund. GLTA

https://www.bnnbloomberg.ca/video/shows/market-call/2024/09/13/eric-nuttalls-past-picks-cenovus-energy-athabasca-oil-and-veren/

Athabasca Oil (ATH TSX)
 

• Then: $4.35
• Now: $5.16
• Return:19%
• Total Return: 19%

PAST TOP PICK
ATH-T
Athabasca Oil Sands Corp(ATH-T)
13/09/2024
Athabasca Oil Sands Corp
(A Top Pick Sep 29/23, Up 19%)
Has sold some shares, but still owns. At current oil price, company able to buy back shares. Debt free company that is hitting all target metrics. Great management team will good long term outlook.

Oil / Gas

Eric Nuttall
$5.120
Owned
 

[Maxmoe]

Yup. I think he said he sold it around $5.40. It was closer to 10% of his fund. Strikes me as not much of a move to justify liquidating a 10% holding only to buy back half. Sounds like he would have bought back more but he couldn't or maybe he was just being too cute about it. Did you ask why he bought it back? Did he get a little squirmy and change the subject if a takeover discussion came up