Athabasca Oil Corp T.ATH

What a dream for buybacks

[w8asec]

This has to be an absolutely perfect situation for companies that buy back their shares… Oil is cresting around $80 a barrel and share prices are dropping… All those profit dollars able to buy back shares as if we had $60 WTI pricing

I think this will remain ripe till June 25, which is the deadline for capital gains taxation at 50% before the "Peckerhead"  taxation takes affect after the 25th

I think a truckload of money is leaving the Canadian stock markets and many of the overtaxed select few will be leaving this country since 90% of the taxes are probably paid by those 10% 

No reason for them to stay in Canada when they can move to countries that have zero capital gains and zero dividend taxation.

I sure hope ATH is buying back everything they can between now and then.

GLTA

[filefish]

Yes the capital gains tax situation is keeping a lid on the share price for the moment and is giving ATH the opportunity to buyback more than might be the case. However I think we are a long way from where the outstanding share count needs to be in order to see a meaningful affect when buyers do come in. I would say that the share count needs to be in the 450mil range, down about 100mil from where

[OLIVIER1951]

Le  gain en  capital   66.66%  sur  l' excdent  de  250,000 moins de 250,000 a  50%

[matt2018]

ATH is no different now than most of the other quality oil names (in terms of valuation). The big time move up has already taken place. When price of oil goes up, the quality oil names all go up. When ATH was $5.50, SU was trading at $55. When ATH drops down to around $5 level, SU drops to $50, and so on. Question is, what will get ATH share price higher, faster? How about a reverse stock split to

[woodsmen]

You mention Quality Oil names and huck out Suncor?    Suncor has literally been range bound for years, pretty well since CNRL showed up as the Darling of the 2 heavy weight companies.     ATH will be just fine and has been fine, Please answer your own question and let us all know what catalyst can move the SU stock higher becuase ATH will move higher as well....Only way

[matt2018]

Not saying ATH not a good name. Own more of it than SU. SU doing alot better since new management came in. Its at 3yr/5yr highs, while paying a $2.00 div. You could have picked it up for $15 back in 2020, when they were all on sale. Its growing production plus refining business is very profitable.

[woodsmen]

Yah I think for the 3 year spans that   SU is up = 75%  CNQ is up = 132% ATH is up = 442% So I guess they all need the next Catalyst to move them higher!!!

[matt2018]

I mentioned that in my original post, ATH has already made the big move higher last few years. Last 3 months, ATH down about 5%, SU about even.  They are rangebound with price of oil, that was point I was making. Over your head.

[woodsmen]

Sorry to offend you!!   ATH has made the big moves higher and I believe will continue higher than most Oil's on a percentage basis like it has done, and I was simply referring to the "Catalyst" that you speak of.   My guess for Catalyst's is it dont matter as much now about buybacks, divvy's etc to be the next driver to move higher.   I think it

[matt2018]

No offense taken, LOL!  Its just a discussion. Your points are based on past performance (I hope you are correct that it continues as ATH is my largest energy holding). I was alluding to recent trading patern and looking to future of company direction to increase value for the next leg up.

[cahclick]

  Agreed however am hoping for a bump in SP if ATH announces at Q3 report that they have retired all warrants and balance of debt. go ath go