Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.

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Athabasca Oil Corp > Not good news with new shareholder disclosure

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Comment by filefishon Jan 21, 2021 5:55pm

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Post# 32355351

RE:Not good news with new shareholder disclosure

Canadagoose, very much agree with your logic. We needed an Oil company to be the buyer, not a short term trading fund. Based on Ninepoints assets, if ATH represents 10% then I figure he purchased roughly 90 million shares Net investments = $180M X .1 = $18M X .20 = 90M shares
This still leaves a good chunk of the trading in the last couple of days unaccounted for.
We are left with two possibilities to help with the debt backstop.- Price of WCS exceeds $45 in the short term and stays there or ATH manages to sell their Montney assets at a good price or as an equity buy-in

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