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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 Jan 30, 2023 8:05pm
373 Views
Post# 35255270

RE:RE:RE:RE:RE:RE:Positive news coming

RE:RE:RE:RE:RE:RE:Positive news coming
Lotus33 wrote: Agree:
  $3.85 Max if the deal done tonight...!

L-33

100% disagree. I hope there is no bid, which I've been saying for a couple years. But, if there is one, the price will be whatever shareholders accept. There is no magic formula. I've seen bids at double the last trade and I've seen bids at less than the last trade. There are no big blocks of shares disclosed on sedi and as far as I know Eric is the largest single shareholder. Never say never but I'd be completely shocked if Eric endorsed or "locked up" at anything near $3.75. If there was a bid, at any price, every major and midsize oil company in the world would evaluate making a bid. It's like last call at the bar, and there's only one girl in a room full of cowboys and sailors. $3.75 might be the first bid, which I doubt will come close, but at that price it won't be last bid. Not with the data we have on hand today. And double heck-no after annual update and Q1. 
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