Temper expectations. Currently up 3.7%, which is above market. I'll take that if we close here today.
The timing of the Vaccine news was last night, there was obviously the initial excitement but understandable that this would waiver and pull back to a more reasonable positive position. Oil bounced +40 but back down now to high 39s.
Remember that demand recovery is just one piece of the ATS puzzle, albeit a bigger piece. Recovery will lead to increase appetite to drill as well as drive revenue growth. Assume ATS will make a loss this year (like all oil) due to impairment but positioning themselves for medium term.
ATS Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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