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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

Post by guelph1on Sep 12, 2022 1:06pm
312 Views
Post# 34957048

Tamarack Takeover.......

Tamarack Takeover.......Good news for all you takeover dreamers, it was interesting to read Tamarack's takeover of Deltastream for $1,425,000,000.  Apparently they increased their production by about 23,000 bbls/day.  With those numbers, it appears that they paid about $61,900/flowing bbl.  If one could extrapolate those numbers to Athabasca, a takeover price of $3.69/share might be feasible.  Yes, I am aware of the varibles in determining that price.  Interesting to note that in previous takeovers, the acquiring price of flowing barrel is steadily increasing.
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