The interview was very clear and direct. I see Ian and...

The interview was very clear and direct. I see Ian and transparent and honest with all that was said.

It was refreshing to see the business and market conditions reflected so clearly by the CEO, the underlying business plan and structure is in place both financially and structuraly. They hold a very valuable asset.

ATS has proven that they are profitable in these tough economic conditions, how much more when the market recovers and oil prices up in the next few years.

What an opportunity to invest in a stable, profitable company team with a proven track record.

My biggest concern was bankruptcy with the falling oil price however they have managed to cover their overheads and remain viable even at today's conditions. Which is a testament to the company's financial management and low overheads.

What I do wish was addressed is the asset write down that happened in the last report. No doubt they have a large asset but why write down the financials in the balance sheet?

It is not as if the oil suddenly dissappeared out of the ground, it was always there.

Overall ATS is grossly undervalued in my opinion and it is only a matter of time before the oil price rebounds and takes this share price with it. When the economies start to ramp up again you will see the demand increase especially in the US local market as the US realises that it needs to be more reliant on its own domestic oil supply to avoid it's vulnerability to the actions of global oil and gas players.