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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 Chris007on Jul 29, 2021 1:51pm
105 Views
Post# 33626296

RE:RE:RE:Why not a share offering?

RE:RE:RE:Why not a share offering?Well, your existing stake (assuming you own shares before the issuing of new shares), would shink substantially, obviously...

Say you currently own 70,000 shares of ATH. You are currently owning 70,000/531,000,000...

You issue another 400,000,000...you would then own 70,000/931,000,000

Your ownership stake the company has obviously shrunk substantially.

LIke I said, not so bad if you buy in after the dilution...you certainly don't want to own the shares, before the pre-dilution

BLACKJACK86 wrote: That i dont get, whats the difference to the value of the company between owing 450 millions or have that amount translate to share ?
why would current shareholder be penalyze?
at the end , the company would still have the same value, no?


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