Is it a coincidence that COVID and transition to clean fuel has happened? its just unfortunate for ATS that last 2 years of macroeconomics has changed everyting about their plan.
I would have wished that they would continue drilling a well or two every year considering the high returns and continue to prove the reserves. They are in good financial position and its fine to be in debt (every big company is in big debt) as long as the returns are good. We should have seen the SP move up continuously.
They have been quite conservative but i feel they really need to adapt to their strategy with changing times. Lets see what their latest quarter update brings out.
ATS Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)