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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Athabasca Oil Corp
Bullboard Posts
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(241)
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Comment by matt2018on Nov 27, 2019 8:38pm
117 Views
Post# 30400382

RE:RE:Buying back 52 million shares

RE:RE:Buying back 52 million shares do you belive if someone was looking at taking ATH out, they would want to do it before the NCIB?
Tax loss selling will be well over by then.
If Oil does keep inching up, it could cost a potential buyer alot more $.
If it is on someones radar, probably be an all stock offer, as new debt is hard to come by.
Dont believe the increase in share count would dilute the puchaser, as you would be adding great long term assets, presumably at a great price and combined would be a much more larger, more valuable company.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities