CA - Athabasca Oil Corporation: A Gem In The Great White North

2024-01-24 08:00:00 ET

Summary

• ATHOF's share price has risen significantly since a positive review a couple of years ago.
• The Canadian sector is undervalued compared to the U.S. sector, and ATHOF is in an attractive price range.
• Analysts unanimously recommend buying ATHOF, with price targets ranging from $4.75 to $5.50.
• I rate ATHOF as a strong buy.

Introduction

A couple of years ago, we covered Athabasca Oil Corp, ( OTCPK:ATHOF ) with a positive review. The share price was sub $2.00 then, so the recommendation has aged well with ATHOF near multi-year highs. One of the things we have found recently is that the Canadian sector is typically undervalued relative to the U.S. sector, particularly as they are headed into their busy time of the year. The Canadian rig count has been on the rise, but dipped a bit last week . The brutal cold - if it's cold here, it's got to be crazy cold up there!...

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