RE:RE:Fun with rumoursYou're forgetting how Ath started. Statoil wanted out. Ath didn't have the capital. There were no other buyers. Ath sold bonds in Germany, probably using Statoil backing and connections, and Statoil financed the equity portion of the deal by buying 20% of ATH stock. CNQ might buy it. That would make sense, BUT they are notoriously cheap low ballers. NO WAY cnq bids anywhere near the $2.5 billion you are talking about. Not $usd, not $c, maybe $pesos. And NO WAY shell buys any oil sands assets. They are a firesale seller , not a buyer, for stupid political correct ESG reasons. Hey man, it's just a rumour. And sorry, Khyber, ATH is the buyer of COS, nobody is buying ATH. Possible good news is the bankers will want to crank up the value of Ath to get a deal done. Long term, Ath buys huge assets with huge cash flow, for pennies on the dollar. JUST a rumour, don't tell the crazies on Reddit.
ComradeKomissar wrote: I was thinking the same. This week I was dealing with a similar scenario with an American company. A much smaller public company diluted itself 10x to raise funds to buy a much bigger, but private company. Bad news for old shareholders, but good news for me (I bought at 70% discount and made 30% in one day). This was done via equity. I am not sure how a debt deal for Athabasca buying Chevron will look like, but it could be done, and some crazy banker is probably pitching it.