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.

TSX:ATH - Post by User

Athabasca Oil Corp > Take Under?

<< Previous

Bullboard Posts

Next >>

Comment by Chris007on Jan 20, 2021 2:50pm

133 Views

Post# 32335463

RE:RE:RE:Take Under?

Very gut wrenching Maxy boy..That being said, entertaining times

Maxmoe wrote:
Must be gut wrenching times for you Chris with your 100 shares. That's a whole $20 bucks on the line. Half your allowance!

Chris007 wrote: 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??