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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Athabasca Oil Corp > Athabasca Oil Corp Prime Takeover Candidate Right Now
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Comment by bullhorn3on Jul 16, 2023 12:56am
253 Views
Post# 35542995

RE:RE:RE:Athabasca Oil Corp Prime Takeover Candidate Right Now

RE:RE:RE:Athabasca Oil Corp Prime Takeover Candidate Right NowPerhaps your computer is unable to display caps. If so, time for an upgrade.
SellSideHandbook.com: "Gross Overriding Royalties (GORR) are royalty interests that are attached to a lease or working interest. The GORR is not subject to expiration or termination as long as the underlying lease is valid – however, if the lease is broken, the GORR is worthless."

ATH has lots of value even if a bigger player doesn't buy it. Any buyer would be encumbered with ATH's GORR I suppose that the same would be true of many other companies up for sale, but a buyer might prefer not to be so entangled when choosing targets. In the end, it boils down to value, including royalties, tax credits and a million other things. Your post is more entertaining than most.
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