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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

Comment by Maxmoeon Jun 11, 2021 9:29pm
229 Views
Post# 33377039

RE:ATH + GXE?...

RE:ATH + GXE?...The other coincidence is nuttal owns/owned  9.9% of each company. But, just a coincidence.
DrNo1962 wrote: Anyone else noticed GXE and ATH being kept at identical prices all week? Could be a pure coincidence but I watched multiple times this week as GXE and/or ATH traded up they were quickly brought back to match bid/ask of the other. Happened many times. Could GXE and ATH merge w/ 1:1 share ratio? GXE brings reserves and debt free cash flow by end of year and ATH brings reserves w/ some debt but enormous free cash flow? It did strike me as odd GXE bank renewals - which should be straightforward affair - were delayed 1 month. We also heard ATH could have refinancing completed within a month. That month is June and it's almost half over. Could be coincidence but thought it all very interesting. What would combined GXE/ATH company share price be? Certainly more than $0.80 IMO.


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