Energy Investing - ATH great cash/liquidity position & hedges + silver lining? - Energy Investing - InvestorVillage
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Msg  252769 of 264248  at  2/27/2020 3:25:33 AM  by

Resilience

The following message was updated on 2/27/2020 4:35:41 AM.

ATH great cash/liquidity position & hedges + silver lining?

Personally glad ATH management has been so conservative:
 
  • $ 336 mln liquidity, with big part cash
  • H2 50% hedged at CAD $ 75+   
 
They can survive this much longer than most companies. 
 
 
Silver lining on this market disaster might be that all the money fleeing general stocks now might want to find a new home just as oil falls into shortfall H2'20. Being held in a last choke hold for shale to wind growth down and Libya covering for corona demand shortfall. 
 
Apart from the medical part of Corona by my counting worse demand decline est. I have seen is 500k-600k barrels and Libya has ~ 800k offline. Still is MINUS 200k-300k no?
 
As long as Libya is off-line we will sail through corona Q1 maybe part Q2 with a net shortfall.  
 
R.  
 
 
 
 
 


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