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 > Ninepoint back in ATH with 50m Shares

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Comment by 2021Gambleon Apr 06, 2022 7:54pm

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Post# 34582527

RE:RE:RE:RE:RE:RE:Ninepoint back in ATH with 50m Shares

That calculator might need new batteries. 50m on 530.8m is only 9.4% not 10.6

Moneyloop wrote:
My calculator reads, ( 10.6% ) ... 530 000 000 / 50 000 000.
On my TD platform, shares outstanding reads, 530 888 291 / 50 000 000 = ( 10.62% ) ....

MaximusGainus wrote: You are reading it wrong.
Limit is just under 10% of ATH, not 10% of Ninepoint.
530m share float, 50M of shares = just under 10%

Maxmoe wrote: I see a problem with the math. Last I read, Eric's fund is now $1.5 Billion. Congrats to Eric. That means a 10% holding is $150 million. For ATH at even $2.25 that's 67 million shares. That would be WAY over 10% ownership of ATH making his fund an insider. That would require immediate disclosure and violates the fund prospectus. So it's impossible for Eric and his colleagues to hold that many shares.

Maxmoe wrote: I'm not sure how accurate Morningstar data is. Could it be out of date? Is there any corroborating data? I don't do twotter, has he been chatting it up?

Moneyloop wrote: Nice input ! ......

MigraineCall wrote: Seems now the time and price was right for him to get back into Athabasca.
I'm still holding a heavy position.

https://www.morningstar.com/stocks/xtse/ath/ownership