RE:ath and meg the next takeover targets2015ideaman wrote: I looked at other oil co's but none beat these two....one co. is producing 100, 000 b/d and room for a little expansion, trading at $26, now go compare that with meg...ath on a buyout at 3.00 to $3.50 and the buyer has the warewithall to develope ath, then 5 - $6 is in the ballpark....
another idea...from ideaman...cheers
ATH is okay because they got the cash to ride the next couple years out and their market cap is low. The only down side is that they have a high production cost on the oil sands part of the business. $40 to $45 once at 100% operating capacity compared to $9 for MEG??? I would like to hear from ATH management on the cause for this as it needs to come down to be competitive. I also would like to know the cost of expansion, I don't know why they don't discuss these things.