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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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.


TSX:ATH - Post by User

Comment by 2021Gambleon Jun 04, 2021 2:30am
116 Views
Post# 33327961

RE:Fun with rumours

RE:Fun with rumoursI wouldn't put money on the speculation.....but ........Whitecap.....4th covid acquisition feather in the cap?  hmm.....smile.....me likeeeee....now that would be a rumour worth starting....

and...if memory serves.....executive relationship exists with a former Chevron employee in the upper ranks at WCP.....just to help things along....


Maxmoe wrote: Remember how Ath came to be? Buying out Statoil. Today chevron announced they were "willing" to sell their 20% interest in THE oil sands project. The mother ship. The gimungous cashflow machine. But not at firesale prices. Translation. Yes, at any price, they will sell, but the buyer will have to allow chevron to save face publicly about how they sold at at a 'fair' price. SO YOU ASK? So, how about this is the reason the refinancing has dragged on all year. It will be part of a HUGE deal for a little guy like ATH to not just roll it, but buy out chevron at the same time!!! Not gonna roll it, gonna ROCK and ROLL it. A doozy of a rumour. 


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