Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:ATH - Post Discussion

Athabasca Oil Corp > Trajectory is Up

View:

Post by MLEWICKIMBA on Feb 27, 2023 10:34am

Trajectory is Up

1. Net cash in a few days -- we have been told
2. NCIB in a month
3. March cash flow will be reasonable

My guess someone will take a 40% stake in Ath soon.

240

Comment

Comment by cahclick on Feb 27, 2023 11:40am

If somebody were to take a 40% stake in ATH, it would put a huge new floor under ATH and burn the arses off of 38,000,000 shorts I like the concept glta

Comment

Comment by Maxmoe on Feb 27, 2023 2:52pm

Nobody can go over 20% without making a formal offer to all shareholders on the same terms. Never mind 40%. A bid for 20 or 40 won't succeed because it will almost certainly result in 1] a competing bid or 2] nobody will tender their shares

Comment

Comment by Maxmoe on Feb 27, 2023 3:05pm

I made this remark, in jest, 3 years ago. With debt at $1Billion but trading at 20 cents on the dollar, and the stock trading in the teens, all I needed was someone to backstop me with the financing to take Ath private for about 300 million. When they had $200 million in cash. So net, I only needed $100 million. Or something like that. It was ridiculous at the time. It still is because back then ...more

127

Comment