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 Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.

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Athabasca Oil Corp

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Post by ValueCan1on Jan 20, 2021 1:56pm

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Post# 32334901

Pros and Cons of new large shareholder

I’m trying to think of the possibilities:

Positives

1. Convince management to by sub-par bonds
2. Convince management to sell non-oil sands properties to Murphy
3. Convince management to do a rights offering
4. Provide new credit in some way.

Negative

1. Make a lowball offer for the rest of the company

I guess the question is are the new shareholders friend or foe for us little guys.

Any other pros and cons?

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