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 > Why is this thing under-performing??

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Comment by ManitobaCanuckon Sep 28, 2021 1:37pm

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Post# 33931235

RE:RE:RE:RE:RE:RE:RE:Why is this thing under-performing??

I am putting on my tinfoil hat and making my imagination wander .
1) Possibly a takeover bid at 25% premium , average price over 60days?
Even if they do ,its cheap deal for a big major whi can get notes refinanced at 3-4% , 625mill for the comany and 225m mill net debt( 570-345 mill cash) = 850mill .

Again this is my speculation and imagination with a tinfoil hat on.
Regards

Nothingmatters wrote: The question is why??? Can you smell what the crooks are cooking?

lovehockey wrote: Clearly the intention is not to have ATH trade at 90 cents or up. This typically would have overcame this number last week when WCS hit $60 but as it is evident ATH is being held below that number.

ZeroIzzue wrote:
Someone is definitely holding the sp at the current range .85 to .89. The huge vol of trade only comes in the hold the price, on a down day it brought it back to .85 and stop so its not accumulation or consolidation. This is likely an under the table deal brewing