Athabasca Oil Corp T.ATH

Joint Venture

[THRK]

Glad to see ATH is planning to expand their operations with, hopefully added cash and profits. Seems to me, however that everyone involved is guaranteed some immediate upside, with the exception of the common shareholder. For example 1) bankers and lawyers will all share in commissions as they set up the new company, Some of the board members will now serve on both of the boards...$$, The present mgment and workers at ATH should feel a little added job security as they will manage the operations of the new company and as someone pointed out, if ATH is sold they may still be needed with new entity. With all the hoopla and enthusiasm displayed in the call ystrdy, the average shareholder was assured that the buy back program would stay in place as described in the plan. So basically nothing new for the shareholder except the hopes that the business will grow with additional risk. I think we either got the smoke up the skirt or just ignored. In my opinion the growth they are describing should take care of the volume of shares issue in the company and perhaps that buyback program should be replaced with a dividend to offer support to existing shareholders. I believe that CVE shareholder currently receive a 2.5% divvy. An alternate possibility that would personally suit me would be if they would announce a plan to IPO this new company (Someone asked a question about this on the call ystrday, but the pres. deeked him out of his shorts and kept steaming toward the net), Back to an IPO, ATH SHs could be offered to buy shares in the new company at a 70% discount to the IPO price and Cenovus Shareholder at a 30% discount to the IPO price. Such a deal. Seriously though, I guess its useless to think that the regulators would ever point out to the JV parties that the shareholders should be considered in the planned expenditures for this new venture. As it is now proposed it appears to me that they are using the fruits of the capital support we provide when we purchase shares and held shares as a piggy bank to be raided, without offered some compensitory reward to shareholders. As I said I am pleased to see the expansion but carefully consider how your treating shareholders. Winter comes. GLTA

[matt2018]

I believe they will do an IPO for the whole JV somewhere down the road, once they get production up to say 5k b/d and can get a valuation around $350M to $400M (maybe more depending on the operating netback & free cash flow this JV earns). Then anybody can buy shares directly in this and 70% of the proceeds go into ATH coffers (after lucarative bonusses are paid out). Its simple really, the

[uwebb429]

The JV announcement made the share price go up. That resulted in some immediate upside for me. Some analysts have already bumped up their ATH target price. They must see the potential benefits.   If management wants to make some extra cash running two companies instead of one, good for them. With a share price appreciation of almost 75% so far this year, ATH management deserves a big

[CJInvestor]

I'm sure we are not done the major announcements by management in the coming months with regards to shareholder benefits. The big players know this and are quietly adding shares before the next leg up to 4.50 and beyond. I see this as a no brainer buy even north of 4 bucks right now. Go Ath!