Doing SOME MATH.....LOLSome simple & easy, back of the envelope math that even the most lost & laziest laymen of laymens could understand & grasp. This is FOR......... ALL the ATH fanbois & numbnutts on this forum.......LOL.... and in particular....... the "all knowing & wise" Inspector Deuche's.....90210.....lol.... of the world. ......
Chevron acquires PDC Energy for lot, stock & barrel including DEBT for $7.6B US. Which equates into aproximately $30k us/boepd or $40k Canuck buckaroos. If we were to apply this as a direct comparison or form of measure to indicate some value for ATH, which by all accounts is NOT RECOMMENDED for obvious reasons, one being the FACT that ATH is a much much much smaller producer AND operating in a totallly different landscape/arena lol. And two, PDC is mostly light sweet crude & gas whereas ATH is 70% Oil sands Bitumen. BUT for agruements sake & for solely curiousity purposes .....ill indulge my foolish collegues in this ill advised idiotic buffoonery of comparing the two......LOL
So if we were to apply the same metrics, again ill warn this is ill advised....lol....of $40k per flowing barrel, IE the amount paid by Chevron for PDC ENTIRE production profile. We get a valuation of $1.8B cdn with all debt. What is our dear Athabasca Salsa Suace trading at at the moment? Oh Yeah.......$1,7B .....lol....what a suprise......AND that's without being monetized through a buyout lolo........translation......Athabasca Salsa Sauce is STILL way overvalued......
But keep trying folks.....i'm sure you'll get some fools to believe in the hogwash you guys are selling here and get some poor fishes to bite & actually buy this overvalued, overpromoted & overbloated piglette.......LOL
GLTA