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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (81489)	2/16/2021 8:09:37 PM
From: Goose94	Read Replies (1) \| Respond to of 203980

Athabasca Oil (ATH-T) new 52 week high, 44 cents

To: Goose94 who wrote (81489)	4/30/2021 1:39:12 PM
From: Goose94	Read Replies (2) \| Respond to of 203980

Athabasca Oil (ATH-T) top pick from Eric Nuttall on BNN.ca Market Call Friday April 30th @ 1200ET I recently purchased 9.9 per cent of the company directly from Equinor (formerly Statoil) when oil was ~$53 believing that we would see $60 by June (paid $0.18). Athabasca Oil offers unrivaled leverage to a rising oil price with free cashflow increasing by 10X with an oil price increase from $50 to $60. At current oil prices and differentials Athabasca Oil trades at 2.3X EV/CF and a 31 per cent free cashflow yield. Given strong oil prices and accommodative high yield markets we are optimistic that Athabasca Oil will be successful in refinancing maturing debt in the next few months making it more “investable” to the masses. Our target multiple of 4x EV/CF would imply a $0.93 target at $60WTI and $1.91 target at $70WTI offering potential upside of 86 per cent to 282 per cent. There is risk in their refinancing so I do not consider this a “widows and orphans” stock.