RE:Take Under?The only possible reason a takeunder can take place is if they cannot roll the debt (see pengrowth), which got "taken under" by waterous
That being said, if WTI keeps ticking up or even stays at current levels, possibility of refinancing is a lot higher now, than it was in previous months
indoubtgetout wrote: If Equinor dumps at 18 cents any takeover of ATH will be at or lower than 18 cents. ATH management? - have they agreed to a take under? Quite possibly - most of their options are underwater by a huge amount so they are best to take the side deal(s) offered by the acquirer. Because ATH has not smartly bounced back to 23+ cents leads me to believe that the probability of a take under is high and thus the reasons why you have huge sellers today - they are in the know and us lemings are not. ATH management has some xplaining to do so why are they not??