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

To: Goose94 who wrote (136636)	11/4/2022 10:53:03 AM
From: Goose94	Respond to of 203990

Athabasca Oil (ATH-T) four and half month high

To: Goose94 who wrote (136636)	1/27/2023 2:21:31 PM
From: Goose94	Read Replies (1) \| Respond to of 203990

Athabasca Oil (ATH-T) top pick from Eric Nuttall on BNN.ca Market Call Friday January 27th @ 1200ET Athabasca Oil offers tremendous leverage to both a rising oil price and a falling WCS differential. Having met its debt target (debt free now) the company has pledged to return at least 75 per cent of free cash flow back to investors. Trading at a 12 per cent/27 per cent free cash flow yield at US$80/$100WTI this year and a 22 per cent/31 per cent free cash flow yield at US$80/$100WTI in 2024, we see the company being able to privatize itself in just three years from free cash flow. With $3.3BN of tax losses for which the market ascribes zero value ($0.44/share in value), we see the potential for ATH to be acquired at some point in the next two years and think fair value is 5X 2024 EV/CF at US$100WTI = $6.85 target.