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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 bosstradeon Jul 06, 2021 5:01am
195 Views
Post# 33497680

RE:Forget the tax pools

RE:Forget the tax poolsMax, ATH with great asserts, huge cash flow, grossly undervalued due to crash in oil asset land/reserve values, is the perfect takeout target because of tax loss carry forwards. I don't believe I've seen a better takeout target in oil then ATH. And of course you would buy this stock hoping for a takeout. Ether way you make money. I've speculated on this for a long time and it hasn't come to fruition yet, but everyday that passes, its more likely imo. The tax pools will be the final driving factor for a takeout or merger now that the profits of the big boys are going to be enormous. They can now go to shareholder and say they increased production by 35,0000 bpd, increased cash flow and paid a billion that would have gone to taxes anyways. Its a no brainer.
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