BMO Capital reinstated coverage of Athabasca Oil with an Outperform rating and C$6.50 price target. Athabasca has been a “true turnaround story” and is now one the few Canadian producers returning 100% of its free cash flow to shareholders, the analyst tells investors in a research note. The firm believes the shares will continue to outperform as the company progresses with its buyback program and continues to sustainably grow volumes.
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Read More on ATHOF:
- Athabasca Oil downgraded to Sector Perform from Outperform at RBC Capital
- Athabasca Oil announces renewal of normal course issuer bid
- Athabasca Oil Announces Renewal of Normal Course Issuer Bid
- Athabasca Oil downgraded to Hold from Buy at TD Securities
- Athabasca Oil price target raised to C$5.75 from C$5 at Stifel
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