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 > Share buybacks

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Comment by matt2018on Dec 31, 2021 12:22pm

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Post# 34274096

RE:RE:RE:RE:Share buybacks

But wouldnt a prospective buyer want to make his offer when the book value is lower?
That would make an offer appear to be at a higher premium.
Most Industry insiders know these assets and what the true value is.

From what I could see (certainly no expert on ths), the recently sold Tucker thermal assets for $800M does not have the netback of Leismer and is need of capital investment.

Maybe Leismer alone, worth $1B+ (just a guess based on current oil price).
If anyone here has more knowledge on this, please pass it along.

IMO

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